Article: In another Wall Street misdeed, Morgan Stanley settles oil-trading flap

Article - Media

In another Wall Street misdeed, Morgan Stanley settles oil-trading flap

Kevin G. Hall

McClatchy Newspapers, 29 April 2010

In another black eye for Wall Street, the Commodity Futures Trading Commission late Thursday announced a $14 million fine against Morgan Stanley Capital Group Inc. for allegedly hiding its complex oil trades.

The settlement, in which Morgan Stanley did not admit or deny the accusations, comes as oil prices have continued their steady upwards march and have some oil analysts again saying that excessive speculation is again pushing up energy prices. One recent estimate put the cost of that to consumers and businesses at $300 billion annually.

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Article: SEC, CFTC Build Ties; Naked Short Selling

Article - Media

SEC, CFTC Build Ties; Naked Short Selling

Melissa Klein Aguilar

ComplianceWeek, 17 March 2008

Leaders of the Securities and Exchange Commission and the Commodity Futures Trading Commission have pledged to build a stronger working relationship between their two agencies, in the face of ever-more blurry lines between securities, commodities, and futures.

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