June 09, 2016 BY LeapRate Staff

Morgan Stanley client data hacked and sold online leading to $1 million SEC fine

The U.S. Securities and Exchange Commission today announced that Morgan Stanley Smith Barney LLC, a division of Morgan Stanley (NYSE:MS), has agreed to pay a $1 million penalty to settle charges related to its failures to protect customer information, some of which was hacked and offered for sale online. The SEC issued an order finding…

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