NASD: Morgan Stanley falsely said it lost e-mails

Thursday, 21 December 2006, 12:02 PM EST

he National Association of Securities Dealers (NASD) said Morgan Stanley had routinely failed to provide e-mails requested by investors with complaints against its retail brokerage unit, falsely claiming they were lost in the Sept. 11, 2001, attacks.

The securities industry's self-regulatory arm said in a disciplinary complaint that Morgan Stanley claimed that millions of e-mails had been lost in the terrorist attacks that destroyed New York's World Trade Center.

At Computerworld.

[ Read more ]




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