Morgan Stanley reaches agreements with regulators to resolve block trading probes

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Morgan Stanley reaches agreements with regulators to resolve block trading probes

On Friday, Morgan Stanley said it had reached agreements with two regulatory agencies to resolve record-keeping investigations on messaging platforms that are not approved by the bank.

According to a filing, the bank said it reached agreements with the Securities and Exchange Commission SEC for $125 million and the Commodity Futures Trading Commission CFTC for $75 million.

In May, Morgan Stanley had said it might face civil liabilities from claims by block trade transaction participants, nearly three months after it first disclosed that U.S. regulators and prosecutors were probing various aspects of its block trading business.

The SEC was looking into how Wall Street banks kept track of their employees' work related digital communications, such as text messages and emails, according to a report last October.