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Morgan Stanley
The conflict of interest between Morgan Stanley's investment banking division and its research division costs consumers greatly and resulted in the firm being indicted in Attorney General Eliot Spitzer's probe into the investment banking industry. In the company's current scandal, they are once more being investigated by Spitzer.
Mutual Fund Scandal: Morgan Stanley has agreed to pay fines for inappropriately steering customers into specific mutual funds in order to garner secret commissions
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Soft-money payments will no longer be accepted by Morgan Stanley |
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Conflict of Interest: The ties between Morgan Stanley's research division and investment banking division resulted in biased information to the public
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The uncovered e-mail trail sheds light on conflict of interest dealings |
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LVMH versus Gucci: The largest luxury retailer, LVMH, is suing Morgan Stanley for false information and waging a smear campaign against the company. It claims Morgan Stanley did this in order to advantage its client, and LVMH competitor, Gucci
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