Securities regulator Christine Jockle and Finra are investigating Morgan Stanley over allegations of "loan sales contests". It is claimed teams were created which were then offered "financial incentives for selling securities-based loans", a practice regarded as a "no-no". The competition is alleged to have taken place across the country. Morgan Stanley declined to comment.
Securities regulator William Galvin and Finra are investigating Morgan Stanley over allegations of "loan sales contests". It is claimed teams were created which were then offered "financial incentives for selling securities-based loans", a practice regarded as a "no-no". The competition is alleged to have taken place across the country. Morgan Stanley declined to comment.