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Securities News: Tax Reporting Mistake Costs Morgan Stanley $70M, SEC Accuses Trading Firm & Broker-Dealer of Manipulation, Layering Schemes, and RD Legal Capital’s Hedge Fund is Accused of Targeting Injured NFL Players & 9/11 Responders

Morgan Stanley Ordered to Pay $70M for Tax-Reporting Errors In its yearly regulatory filing, Morgan Stanley (MS) announced that it took a $70M charge because of tax-reporting mistakes made by its brokerage business from ’11 to ’16. The firm is talking to the Internal Revenue Service to settle any client…

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