this post was submitted on 12 Apr 2024
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Regulators want to know more about how Morgan Stanley vets wealthy clients, like a sanctioned billionaire: WSJ (www.businessinsider.com)
submitted 6 months ago by MicroWave@lemmy.world to c/economics@lemmy.world
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  • More federal regulators are probing Morgan Stanley to find out how it vets wealthy clients, per The Wall Street Journal.
  • The SEC sent the bank a list of clients with questions about how they were screened, per the report.
  • One client includes a Russian-linked billionaire who was sanctioned by the UK, the Journal reported.
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