Morgan Stanley, SEC reach $275 million proposed settlement: filing
NEW YORK (Reuters) - Morgan Stanley said on Tuesday it has reached a preliminary agreement to pay $275 million to resolve an investigation by a top U.S. regulator into subprime mortgage bond trades from 2007.
Morgan Stanley reached an agreement in principle with the U.S. Securities and Exchange Commission's enforcement staff in which the Wall Street bank would not admit to or deny wrongdoing, according to its annual 10-K filing with the SEC.
The agreement is not final, Morgan Stanley said, and there is no guarantee that it will be accepted.
(Reporting by Lauren Tara LaCapra; Editing by Richard Chang)
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