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    Home » UK’s Ofgem fines Morgan Stanley & Co Int’l $6.88m

    UK’s Ofgem fines Morgan Stanley & Co Int’l $6.88m

    August 24, 2023
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    *Morgan Stanley

    Bengaluru — Britain’s energy regulator Ofgem said on Wednesday it had levied a 5.4 million pound ($6.88 million) fine on Morgan Stanley & Co International for not recording and retaining electronic communications relating to trading wholesale energy products.

    The fine was for the period between January 2018 and March 2020, it added.

    ($1 = 0.7845 pounds)

    *Eva Mathews; editing: Rashmi Aich – Reuters

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