- 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.
Regulators want to know more about how Morgan Stanley vets wealthy clients, like a sanctioned billionaire: WSJ
Submitted 8 months ago by MicroWave@lemmy.world to economics@lemmy.world
https://www.businessinsider.com/morgan-stanley-sec-probe-wealth-management-billionaire-russia-2024-4