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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Morgan Stanley | NYSE:MS | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 1.68 | 1.81% | 94.33 | 94.42 | 93.28 | 93.34 | 5,043,460 | 01:00:00 |
From May 2019 to May 2024
By Liz Hoffman
Morgan Stanley said it had given a "significant number" of wealth-management clients incorrect information that caused some to underpay and others to overpay their taxes.
In its annual regulatory filing Monday, the firm said it is in "advanced discussions" with the Internal Revenue Service to resolve the issues at no cost to affected clients. It said it had set aside $70 million to cover the costs, which include paying any taxes owed to the IRS by clients who underpaid, as well as reimbursing clients who overpaid.
"We are committed to making this right for our clients with minimal inconvenience to them," a spokesman said in a statement.
Write to Liz Hoffman at liz.hoffman@wsj.com
(END) Dow Jones Newswires
February 27, 2017 18:53 ET (23:53 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
1 Year Morgan Stanley Chart |
1 Month Morgan Stanley Chart |
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