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UK's Ofgem fines Morgan Stanley & Co Int'l $6.88 million

Published 23/08/2023, 07:23
© Reuters. FILE PHOTO: The corporate logo of financial firm Morgan Stanley is pictured on a building in San Diego, California, Sept. 24, 2013. REUTERS/Mike Blake/File Photo
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(Reuters) - Britain's energy regulator Ofgem said on Wednesday it had levied a 5.4 million pound ($6.88 million) fine on Morgan Stanley & Co (NYSE:MS) International for not recording and retaining electronic communications relating to trading wholesale energy products.

© Reuters. FILE PHOTO: The corporate logo of financial firm Morgan Stanley is pictured on a building in San Diego, California, Sept. 24, 2013. REUTERS/Mike Blake/File Photo

The fine was for the period between January 2018 and March 2020, it added.

($1 = 0.7845 pounds)

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