Morgan Stanley has agreed to pay $249.4 million for making false statements in connection with the bank's block trading practices, U.S. authorities said on Friday, resolving a years-long government probe. The deal resolved allegations of deception from the Manhattan U.S. attorney's office and charges of fraud and compliance failures from the Securities and Exchange. The total payments include penalties to both agencies as well as restitution, and forfeiture of ill-gotten gains, the Justice Department and SEC said in their statements.
Read full NASCAR article on Yahoo Sports
Read all NASCAR articles