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Morgan Stanley penalized $1M over data theft

Jun 09, 2016 - 4:30 PM

The US Securities and Exchange Commission says the bank failed to adequately protect customer information

epa04637624 (FILE) A file photo dated 20 January 2011 shows a sign at the Morgan Stanley office in New York, New York, USA. The financial company Morgan Stanley on 25 February 2015 agreed to pay 2.6 US billion dollar to settle an investigation into its role in the 2008 financial crisis, becoming the latest firm to reach such a deal with the government. Over the past two years, Bank of America has agreed to a record settlement of 16.65 billion US dollar; Citigroup has made a seven-billion US dollar settlement; and JPMorgan Chase agreed to pay 13 billion US dollar. EPA/ANDREW GOMBERT