New York (CNN Business)Federal regulators accused Morgan Stanley on Tuesday of

'Astonishing.' Morgan Stanley hard drives holding sensitive client data got auctioned off online

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2022-09-21 05:30:19

New York (CNN Business)Federal regulators accused Morgan Stanley on Tuesday of "astonishing" failures that led to the mishandling of sensitive data on some 15 million customers.

New York (CNN Business)Federal regulators accused Morgan Stanley on Tuesday of "astonishing" failures that led to the mishandling of sensitive data on some 15 million customers.Morgan Stanley was slapped with a $35 million fine from the Securities and Exchange Commission for extensive failures to safeguard personal identifying information on its clients.Since at least 2015 Morgan Stanley did not properly get rid of devices holding sensitive customer data, according to the settlement.In one episode described by the SEC, Morgan Stanley hired a moving company -- one that had "no experience or expertise" in data destruction -- to decommission thousands of hard drives and servers holding customer data.Stocks sink as investors wait for the Fed

New York (CNN Business)Federal regulators accused Morgan Stanley on Tuesday of "astonishing" failures that led to the mishandling of sensitive data on some 15 million customers.

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