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Morgan Stanley Says Tax Reporting Mishap Could Cost $70M

By Cara Mannion ( February 28, 2017, 4:15 PM EST) -- Morgan Stanley has set aside $70 million to correct a tax-reporting blunder that caused some of its 3.5 million brokerage clients to underpay or overpay their taxes over the past five years, according to a regulatory report filed on Monday....

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