Morgan Stanley Fined $22 Million for Rigging Bond Markets
- French watchdog fines bank in probe over sovereign bond prices
- AMF case relates to ‘pump and dump’ allegations from 2015
Morgan Stanley office in London.
Photographer: Simon Dawson/Bloomberg
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Morgan Stanley was fined 20 million euros ($22.2 million) in France over accusations its London desk used “pump and dump” tactics to rig bond prices after a bet on the French sovereign turned sour amid Greece’s debt crisis.