Morgan Stanley's wealth-management arm reportedly probed by multiple agencies

Morgan Stanley’s wealth management arm is being probed by multiple regulators, the Wall Street Journal reported Thursday citing people familiar with the matter.The Securities and Exchange Commission, the Office of the Comptroller of the Currency and other Treasury Department offices are involved, the report said.The main issues under the scanner were whether the bank has been sufficiently investigating the identities of prospective clients and where their wealth comes from, and how it monitors their financi ...