A division of Morgan Stanley was fined $35 million by the U.S. Securities and Exchange Commission (SEC), the regulator, for improperly reimbursing the company’s legacy data system, which exposed the data of nearly 15 million customers.

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A division of Morgan Stanley was fined $35 million by the U.S. Securities and Exchange Commission (SEC), the regulator, for improperly reimbursing the company’s legacy data system, which exposed the data of nearly 15 million customers.