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20 Years Of Failing To Report Short Positions Gets Morgan Stanley A $500K Fine

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Not even sure if this counts as a slap on the wrist. It's more like a little kiss on the palm.

The New York Stock Exchange on Wednesday said it fined Morgan Stanley (MS.N: Quote, Profile, Research) $500,000 and censured the firm for failing to report short interest positions in hundreds of securities for as long as 20 years.
Morgan Stanley failed to report to the NYSE positions in preferred securities and affiliates' equity securities for an unknown but "significant" number of years, and other equity securities since 2004, the regulator said.
The firm also failed to report similar positions to the American Stock Exchange, and since 1986 failed to report some positions in equity securities to the NASD, the NYSE said.
In addition, Morgan Stanley failed to adequately supervise its process for reporting short positions, the NYSE said.

NYSE fines Morgan Stanley $500,000 [Reuters]