Brief

The Securities and Exchange Commission proposes a plan to distribute $113 million in disgorgement, interest, and penalties collected from Morgan Stanley & Co. LLC and Pawan Kumar Passi for their roles in a stock fraud scheme that generated over $138 million in profits. The funds will be distributed to compensate investors who sold blocks of shares at lower prices due to the non-public information disclosed by the respondents.

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US Securities and Exchange Commission

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