BankingFinTech

CFTC: Orders Morgan Stanley Capital Services LLC to Pay $5 Million

  • Announced that it has filed and settled charges against Morgan Stanley Capital Services LLC a provisionally registered swap dealer
  • The order requires Morgan Stanley to pay a $5 million civil monetary penalty
  • This case demonstrates once again the importance of complying with the CFTC’s swap data reporting requirements
  • The CFTC will also continue to scrutinize closely entities that do not meet their reporting obligations
  • The order recognizes Morgan Stanley’s cooperation with the Division of Enforcement’s investigation in the form of a reduced civil monetary penalty
  • The CFTC thanks and acknowledges the assistance of the National Futures Association in this matter
Previous article
PensionBee: Released a new report with Plaid
Next article
SmartStream: Launches ‘Affinity’ in collaboration with Tier 1 banks
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

You May Also Like

FinTech

Truist Pilots Zelle Bill Payments, Strengthening Digital Banking Services

New pilot program aims to simplify bill payments through Zelle for customers.Highlights: Truist launches pilot program for Zelle...
FinTech

ACI Worldwide Strengthens Payment Solutions with Cloud-Native Platform

New platform enhances support for eight U.S. payment networks.Highlights: ACI Worldwide launches a cloud-native payment platform.The platform supports...
FinTech

LendingClub Rebrands as Happen Bank, Strengthens Digital Banking Services

The transformation aims to enhance customer engagement and streamline services.Highlights: LendingClub officially rebrands to Happen Bank.The rebrand focuses...
FinTech

NatWest Strengthens Venture Banking by Partnering with AWS

Collaboration will enhance digital services for startups and scale-ups.Highlights: NatWest partners with AWS to launch a new venture...