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  • Statement From Senator Gianaris On Morgan Stanley Settlement Decision

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    Senator Mike Gianaris
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    Settlement of $4. Million between Morgan Stanley and the u.s. Department of Justice for manipulation of energy market cost consuming $21. Million. "This decision not only denies consumers justice in this case, but it also fails to deter other banks from engaging in similar schemes," said SENATOR GIANARIS.

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    Statement from Senator Gianaris on Morgan Stanley Settlement Decision

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    Settlement of $4. Million between Morgan Stanley and the u.s. Department of Justice for manipulation of energy market cost consuming $21. Million. "This decision not only denies consumers justice in this case, but it also fails to deter other banks from engaging in similar schemes," said SENATOR GIANARIS.

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    27 views1 page

    Statement From Senator Gianaris On Morgan Stanley Settlement Decision

    Uploaded by

    Senator Mike Gianaris
    Settlement of $4. Million between Morgan Stanley and the u.s. Department of Justice for manipulation of energy market cost consuming $21. Million. "This decision not only denies consumers justice in this case, but it also fails to deter other banks from engaging in similar schemes," said SENATOR GIANARIS.

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    NEW YORK STATE SENATE OFFICE OF SENATOR MICHAEL GIANARIS For Immediate Release August 7, 2012 Contact: Anna

    Adams-Sarthou 718-728-0960 sarthou@nysenate.gov

    STATEMENT FROM SENATOR GIANARIS ON MORGAN STANLEY SETTLEMENT DECISION Settlement of $4.8 million between Morgan Stanley and the U.S. Department of Justice for manipulation of energy market cost consuming $21.6 million. Queens, NY I am extremely disappointed that todays decision allows Morgan Stanley to profit from its misdeeds by more than $16 million. This decision not only denies consumers justice in this case, but it also fails to deter other banks from engaging in similar schemes in the future. ### http://www.scribd.com/SenatorMikeGianaris www.gianaris.nysenate.gov

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