Morgan Stanley may finally be able to move on from a long running Securities and Exchange Commission investigation that has been hanging over its head. The company agreed to a proposed $275 million settlement on the condition it would not have to admit any wrongdoing, Reuters reported Wednesday.
The deal echoes similar ones reached between financial institutions and the SEC, including a $550 million settlement with Goldman Sachs in 2010 and a $269.9 million agreement with JP Morgan Chase in 2012, the Wall Street Journal reports.
