{"id":5598,"date":"2014-02-25T00:00:00","date_gmt":"2014-02-25T06:00:00","guid":{"rendered":"https:\/\/institutionalinvestorsecuritiesblog.blawgcloud.com\/2014\/02\/morgan_stanley_to_pay_275m_to"},"modified":"2022-05-05T12:03:49","modified_gmt":"2022-05-05T17:03:49","slug":"morgan-stanley-to-pay-275m-to","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/morgan-stanley-to-pay-275m-to\/","title":{"rendered":"Morgan Stanley to Pay $275M to SEC to Settle Subprime MBS Investigation"},"content":{"rendered":"\n

Morgan Stanley (MS)<\/a> has agreed to pay $275 million to the Securities and Exchange Commission to resolve the regulator\u2019s investigation into the firm\u2019s sale of subprime mortgage-backed securities <\/a>seven years ago. The settlement reached is an \u201cagreement in principal\u201d and, according to the firm in its annual filing this week, it does not have to admit wrongdoing. However, the accord still needs SEC approval to become final.<\/p>\n

The regulator had been probing the bank\u2019s roles as an underwriter and sponsor of subprime mortgage-backed bonds that sustained losses after it was issued in 2007. Other firms that have reached similar agreements with the SEC include Citigroup Inc. (C)<\/a>, JPMorgan Chase & Co. (JPM)<\/a>, Goldman Sachs Group Inc. (GS).<\/p>\n

Morgan Stanley is still facing litigation from government entities and private parties over derivatives and mortgage bonds that were set up leading up to the mortgage crisis. Last year, it\u2019s litigation expenses reached $1.95 billion, which is a significant increase from $513 million in 2012. <\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Morgan Stanley (MS) has agreed to pay $275 million to the Securities and Exchange Commission to resolve the regulator\u2019s investigation into the firm\u2019s sale of subprime mortgage-backed securities seven years ago. The settlement reached is an \u201cagreement in principal\u201d and, according to the firm in its annual filing this week, it does not have to […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3752,3787],"tags":[],"class_list":["post-5598","post","type-post","status-publish","format-standard","hentry","category-financial-firms","category-morgan-stanley"],"yoast_head":"\nMorgan Stanley to Pay $275M to SEC to Settle Subprime MBS Investigation — Investor Lawyers Blog — February 25, 2014<\/title>\n<meta name=\"description\" content=\"Morgan Stanley (MS) has agreed to pay $275 million to the Securities and Exchange Commission to resolve the regulator\u2019s investigation into the firm\u2019s sale — February 25, 2014\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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