I tried to reply to F1ash's post but I could not,
Post# of 72440
Anyway, I think this $2 million fine is woefully inadequate. Morgan Stanley and their "customers" probably netted many, Many, MANY times that over the referenced 6 year period.
Quote:
WASHINGTON — The Financial Industry Regulatory Authority (FINRA) announced today that it has fined Morgan Stanley & Co. LLC $2 million for short interest reporting and short sale rule violations that spanned a period of more than six years, and for failing to implement a supervisory system reasonably designed to detect and prevent such violations.