Morgan Stanley to pay $13 million for overbilling clients: SEC

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Morgan Stanley to pay $13 million for overbilling clients: SEC

Morgan Stanley to pay $13 million for overbilling clients: SEC
WASHINGTON (Reuters) - Morgan Stanley will pay $13 million to settle civil charges, after it overbilled some of its wealth management clients because of coding and other billing system errors, U.S. regulators said Friday.

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