Wolf Haldenstein Adler Freeman & Herz LLP announces that it is investigating Morgan Stanley for potential violations of federal securities laws

NEW YORK, April 29, 2024

The focus of the investigation is to whether the Company issued false and/or misleading statements and/or did not disclose information pertinent to investors.

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On April 11, 2024, during market hours, The Wall Street Journal published an article entitled "Morgan Stanley's Wealth Arm Probed by Multiple Federal Regulators." The article stated the Securities and Exchange Commission ("SEC"), the Office of the Comptroller of the Currency, an independent bureau within the United States Department of the Treasury, and other Treasury Department offices, are investigating how Morgan Stanley "vets clients who are at risk of laundering money through the bank's sprawling wealth-management division." 

On this news, Morgan Stanley's stock fell $4.81 per share, or 5.2%, to close at $86.84 per share on April 11, 2024.

Wolf Haldenstein has experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country. The firm has attorneys in various practice areas, and offices in New York, Chicago, Nashville, and San Diego. The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly lauded by the courts, which have appointed it to major positions in complex securities, multi-district and consolidated litigation.