NYSE urges stricter controls after Morgan Stanley 'failures'

The New York Stock Exchange has issued a warning to its members to keep strict control of business operations after fining Morgan Stanley $19m (€15.4m) for "significant supervisory and operational failures".

Susan Merrill, executive vice president of enforcement at the exchange, said: "We're issuing a wake-up call for member firms to take meticulous inventory of their systems and procedures to ensure they have strict controls."

WSJ Logo
Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump