French watchdog fines Morgan Stanley for bond price manipulation

French watchdog fines Morgan Stanley for bond price manipulation
Above, the Morgan Stanley global headquarters in New York City. (AFP0
Updated 10 December 2019

French watchdog fines Morgan Stanley for bond price manipulation

French watchdog fines Morgan Stanley for bond price manipulation
  • The Autorite des Marches Financieres said the lender had manipulated French and Belgian bond prices in June 2015

PARIS: France’s financial markets regulator said Tuesday it had fined US bank Morgan Stanley €20 million ($22 million) for market manipulation at the height of the Greek debt crisis.
The Autorite des Marches Financieres said the lender had manipulated French and Belgian bond prices in June 2015 with the aim of causing an “abnormal and artificial rise” in sovereign bond prices and re-selling them for a profit.
Morgan Stanley has denied manipulating markets.