https://finance.yahoo.com/news/morgan-stanley-pay-under-300-174600503.html

“The penalty will be divided between the Justice Department and the Securities and Exchange Commission and would not include any criminal charges against the bank, the report said citing people with knowledge of the situation.”

WHY DON”T THE PENALTIES GET SHARED WITH THE TAXPAYERS???

The “fines” are lower than short-term tax rates, I’m sure!

WSOP (Wall Street On Parade) has chased JPM for a long time as they are the whales.

GL