Yesterday, Morgan Stanley agreed to pay $3.2 billion to resolve claims that it misled investors about mortgage-backed securities before the financial crisis, according to New York state Attorney General Eric Schneiderman.
This is the most recent settlement by a banking giant related to the financial crisis, and ends government claims that Morgan Stanley misrepresented to investors the mortgages it packaged into mortgage backed securities including proprietary high-yield mutual funds, unit trusts and structured notes.
The stock market attorneys at Colling Gilbert Wright & Carter have decades of combined experience helping victims of unscrupulous brokers get justice. To schedule your free consultation or to learn more about your rights, please contact us online or by calling (855) 456-0066 today. Located in Florida, our FINRA attorneys represent victims of fraud throughout the United States.