Securities regulators are fining Morgan Stanley $35 million after its wealth management division failed to protect the personal information for 15 million customers.
Staffers at Morgan Stanley Smith Barney had been keeping customer data on company-managed computer servers and hard drives dating back to 2015, the Securities and Exchange Commission Tuesday. The investment bank in 2016 hired a moving and storage company with no data-destruction experience to delete the data from the devices, according to the agency.
"If not properly safeguarded, this sensitive information can end up in the wrong hands and have disastrous consequences for investors," Grewal said.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Asian markets slip lower following last week's broad decline on Wall StreetAsian shares fell Monday after another week of sizable losses on Wall Street, as investors braced for another interest rate hike by the U.S. Federal Reserve.
Weiterlesen »
Stock Market Today: What to WatchStock futures waver and benchmark Treasury yields continue to gain ahead of Wednesday's Federal Reserve policy meeting. Follow our full market coverage.
Weiterlesen »
Here are Monday's biggest analyst calls: Apple, Amazon, Adobe, Peloton, Bed Bath & Beyond and moreAnalyst call of the day for CNBCPro subscribers: Bank of America reiterates Amazon as buy and notes that the company is poised to gain share. Subscribe to see the analyst calls of the day curated by CNBC Pro.
Weiterlesen »
Wall Street slips on aggressive rate hike worriesWall Street's main indexes slipped for the third straight day on Monday led by declines in healthcare and energy stocks as investors worried that another massive interest rate hike by the Federal Reserve could tip the U.S. economy into a recession.
Weiterlesen »
Stock Market News, Sept. 19, 2022: Dow Finishes Up About 200 PointsThe 10-year Treasury yield closed at its highest level in a decade ahead of this week's Fed meeting, while two-year yields ended at a 15-year high
Weiterlesen »
Wall Street drops 1% with focus on Fed By Reuters⚠️BREAKING: *U.S. STOCKS TUMBLE AS WALL STREET BRACES FOR SUPERSIZED FED RATE HIKE - 🇺🇸 🇺🇸
Weiterlesen »