Morgan Stanley Misuse of Personal Devices Costs $200 Million
- Bank is part of a probe across Wall Street into communications
- Regulators are looking to change the way devices are monitored
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Morgan Stanley said it expects to pay a $200 million fine related to a broad US investigation into the use of unapproved personal devices.
That amount is based on discussions the firm has had with the Securities and Exchange Commission and the Commodity Futures Trading Commission, who have been probing the matter across Wall Street.