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Morgan Stanley to pay $1 million for failing to safeguard consumer data

( June 8, 2016, 19:12 GMT | Official Statement) -- MLex Summary: The US Securities and Exchange Commission on Wednesday announced that Morgan Stanley Smith Barney has agreed to pay a $1 million penalty to settle charges related to its failures to protect customer information. The SEC found that a former Morgan employee, Galen J. Marsh, downloaded and transferred confidential data to his personal server at home, which was subsequently hacked. Statement follows in full. Also see document below. ...

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