Massachusetts Charges Morgan Stanley with “Dishonest and Unethical Conduct” Over High-Pressured Sales Contests i

(Before It's News)

Morgan Stanley charged with running unethical sales contests: regulator Reuters: Massachusetts’ top securities regular on Monday charged Morgan Stanley (MS.N) with “dishonest and unethical conduct” for having run high-pressured sales contests in Massachusetts and Rhode Island. Secretary of the Commonwealth William Galvin charged that Morgan Stanley brokers pushed so-called “securities based loans” in order to … Read more

• The Literal Hell of McMansions
• Former Wells Fargo Banker: Sales Tactics ‘Turned Me Into a Monster’
• Fake Accounts Scandal Threatens Philadelphia’s Relationship with Wells Fargo
• Deutsche Bank Collapse: The Most Important Bank in Europe Is Facing a Major ‘Liquidity Event’
• Sarah Jaffe, Author of NECESSARY TROUBLE: AMERICANS IN REVOLT, Recommends David Dayen’s CHAIN OF TITLE
• Illinois Suspends “Billions Of Dollars” Of Investment Activity With Wells Fargo
• Maxine Waters to Stumpf: “Let’s call it what it really is: some of the most egregious fraud we’ve seen since the foreclosure crisis.”
• Rep. Gregory Meeks Destroys Wells Fargo CEO John Stumpf: House Financial Services Committee Hearing
• L.A., U.S. Bank Reach $13.5-Million Settlement on Foreclosed Homes in Disrepair
• Wells Fargo Troubles Mount With Penalty for Improperly Repossessing Soldiers’ Cars