SEC may fine Morgan Stanley $10 million for not keeping email

News.com SEC may fine Morgan Stanley $10 million over e-mail

The Securities and Exchange Commission is threatening to fine Morgan Stanley more than $10 million for failing to keep e-mails in a number of cases the agency brought against the brokerage firm.

The fine, if levied, would be one of the biggest monetary penalties ever paid by a Wall Street brokerage firm for failing to preserve records, the Wall Street Journal reported on Tuesday.

Via beSpacific