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Morgan Stanley settles charges for $15M

WASHINGTON, May 11 (UPI) -- New York's Morgan Stanley & Co. will pay $15 million to settle charges that it was uncooperative with federal investigators.

The big financial house's agreement to pay settles charges that it did not turn over "tens of thousands" of e-mails quickly enough and engaged in other uncooperative actions during Securities and Exchange Commission investigations of the firm from 2000 to 2005, the Washington Post reported Thursday.

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Morgan Stanley did not admit or deny wrongdoing.

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