Morgan Stanley to Pay $15 Million Fine to Settle E-Discovery Charges

The Securities and Exchange Commission announced Wednesday that Morgan Stanley will pay a $15 million civil fine to settle charges that it repeatedly failed to provide thousands of e-mails requested in investigations. Morgan Stanley neither admitted nor denied the allegations, but the penalty is among the biggest fines ever levied on a brokerage firm for failing to produce documents. "We are pleased to have this matter behind us," said Morgan Stanley spokesman John Franklin.

Originally by Law.com - Tech Law Practice Center, 2:24 PM