NEW YORK (TheStreet) --Morgan Stanley (MS) agreed to pay $275 million to resolve accusations that the firm misled investors in two mortgage-backed securities deals, brought against the company by the SEC, the Wall Street Journal reports.
Morgan Stanley agreed to the settlement after an SEC investigation found that the company misrepresented the delinquency status of mortgage loans, including two subprime mortgage-backed deals, during a period when borrower delinquencies increased, the Journal added.
Shares of Morgan Stanley are up 0.66% to $33.57 in early afternoon trading on Thursday.
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