Morgan Stanley hit with £5.4M energy trading fine

Investment bank Morgan Stanley has been handed a £5.41m fine by the UK energy regulator Ofgem over breaching energy trading rules over WhatsApp messenger.  Ofgem revealed that the bank’s energy traders discussed business over WhatsApp on private phones which breached transparency rules as well as market manipulation and insider trading laws.  The fine is the … Continue reading Morgan Stanley hit with £5.4M energy trading fine