Sales Contests Under Fire

The New Hampshire Bureau of Securities Regulation recently fined Morgan Stanley DW Inc. $435,000 for improper sales and business practices. Among other practices, the bureau focused on the company’s "improper use of sales incentives."

In the consent agreement reached with Morgan Stanley, the bureau cited the company with holding sales campaigns that focused on certain proprietary funds, "while offering compensation schemes that are not permissible under state and federal securities gu

Register to view the full article

Register for MeetingsNet.com and gain access to premium content including the CMI 25 Listing, our monthly digital edition, the MeetingsNet app, live and on-demand webinars, and much more.

Already a member? .

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish