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Burlington, Vermont, Files FINRA Complaint against Morgan Stanley
PLANSPONSOR
Feb. 9, 2010
Excerpt: The city of Burlington, Vermont, has filed a regulatory complaint against Morgan Stanley alleging that the firm's consultants sold the city pension fund investments that caused it to lose $21 million.... The city made public its complaint with the Financial Industry Regulatory Authority (FINRA) after getting City Council approval to file the FINRA action.
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