Securities regulator William Galvin and associates 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 securities " , a practice described as a " no - no " . The competition is alleged to have taken place across the country . Morgan Stanley declined to participate .
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.