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CFTC fines Morgan Stanley $200,000 over supervision charges Commodities regulators ordered Morgan Stanley Smith Barney LLC to pay $200,000 to resolve allegations that the brokerage failed to diligently supervise employees that handle customer accounts. A customer of the firm, recently re-named Morgan Stanley Wealth Management, improperly traded futures contracts on behalf of a third-party client, the Commodity Futures Trading Commission said on Monday. The unidentified customer from 2006-2008 also transferred funds from that customer’s proprietary futures trading account to a third-party client’s bank account, a move that should have led the firm to question whether the account was being carried properly, the CFTC said. SOURCE: Reuters.

CFTC fines Morgan Stanley $200,000 over supervision charges

Commodities regulators ordered Morgan Stanley Smith Barney LLC to pay $200,000 to resolve allegations that the brokerage failed to diligently supervise employees that handle customer accounts.

A customer of the firm, recently re-named Morgan Stanley Wealth Management, improperly traded futures contracts on behalf of a third-party client, the Commodity Futures Trading Commission said on Monday.

The unidentified customer from 2006-2008 also transferred funds from that customer’s proprietary futures trading account to a third-party client’s bank account, a move that should have led the firm to question whether the account was being carried properly, the CFTC said.

SOURCE: Reuters.