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Tag Archives: Morgan Stanley

Stocks pare their losses as health care companies climb

After falling sharply in the morning, U.S. stock indexes clawed back and were down only modestly in afternoon trading. A run higher for hospital stocks helped to stem losses for banks and other financial stocks. The dollar also pared its losses against other currencies. KEEPING SCORE: The Standard & Poor’s 500 index was down 3 points, or 0.1 percent, at ...

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State probe of securities case leads to $4.24 million settlement fund

By JACK WEATHERLY Morgan Stanley Smith Barney LLC of Ridgeland has reached a settlement agreement with the Mississippi Secretary of State’s Office by which the securities brokerage agreed to establish a $4.24 million fund for investors. The brokerage also agreed to pay a $100,000 fine to the state of Mississippi and reimburse investigative costs of $400,000. Without admitting or denying ...

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Firm to partially reimburse customers for investment losses

The Mississippi secretary of state says investment firm Morgan Stanley will return up to $4.2 million to partially reimburse customers who had “inordinate losses” because a portfolio manager allegedly used high-risk investments for people who hadn’t agreed to them. Secretary of State Delbert Hosemann says the firm agreed to resolve an investigation by the securities division of his office. In ...

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Dow plunges as oil dips below $50, sinking energy stocks

NEW YORK — US stocks fell sharply Monday, led by declines in energy stocks as the price of oil plunged again. The euro sank to a nine-year low against the dollar as new doubts surfaced about Greece’s future in the common currency bloc. KEEPING SCORE: The Standard & Poor’s 500 index dropped 33 points, or 1.7 percent, to 2,024 as ...

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Stabbs completes program

Jason Stabbs has successfully completed Morgan Stanley Smith Barney’s investment studies program in New York and has joined the firm’s Wealth Management office in Ridgeland as a financial advisor. Stabbs holds a bachelor’s degree in finance from Arkansas State University. He currently lives in Madison with his family.  

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Here we go again: Another big down day for Dow

NEW YORK — Just when Wall Street seemed to have settled down, a barrage of bad economic reports collided with fresh worries about European banks Thursday and triggered a global sell-off in stocks. The Dow Jones industrial average fell 419 points — a return to the wild swings that gripped the stock market last week. Stocks were only part of ...

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