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SEC Fines Morgan Stanley $13M For Overcharging Fees

By Cara Mannion ( January 13, 2017, 5:17 PM EST) -- A Morgan Stanley investment advisement subsidiary on Friday agreed to dole out $13 million to end the U.S. Securities and Exchange Commission's allegations that it charged about 150,000 clients inadvertently heightened advisory fees due to billing system and administrative errors....

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