By Saeed Azhar
(Reuters) -putting down for reporter to check background on Archegos-dg
Morgan Stanley said it was cooperating with U.S. regulators over investigations into its block-trading practices and providing authorities with information, according to a filing on Friday.
The Wall Street firm added it could face civil claims from market participants who said they were harmed by the company’s practices.
Block trades are single orders for large trades, typically placed by institutional investors.
Morgan Stanley said it has been responding to subpoenas and other requests for information from the U.S. Attorney’s Office for the Southern District of New York and the enforcement division of the Securities and Exchange Commission. The authorities did not immediately respond to requests for comment.
“The investigations are focused on whether the firm and/or its employees shared and/or used information regarding…
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