Morgan Stanley to pay $275 million penalty for misleading RMBS investors
July 24, 2014 at 11:28 AM EDT
WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission said on Thursday it had charged Morgan Stanley with misleading investors about two mortgage-backed securities it issued before the 2008 financial crisis, and that the bank would pay $275 million to settle the case, according to a press release.