Report: Meeker Won't Be Charged

The Morgan Stanley Internet analyst doesn't face securities law violations.
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Mary Meeker, the

Morgan Stanley

(MWD)

Internet analyst, reportedly won't face securities law charges related to her research calls.

A draft of a settlement between securities regulators and the main investment banks to be submitted this week says Meeker won't be charged,

The Wall Street Journal

reported. Morgan Stanley will still be cited for less-severe restrictions and will have to pay about $125 million.

Meeker will nevertheless be criticized in the report for being too bullish on the stocks she covered. Her company will also be cited for fostering conflicts of interest among its research and investment banking arms, the story said.

Regulators are close to completing a $1.4 billion global settlement with Wall Street over allegedly faulty stock research.