
Morgan Stanley agreed to pay $102 million to affected parties in Massachusetts in settlement of allegations it provided financing for subprime loans and secured those loans while ignoring legal requirements and its own guidelines to correctly assess the risk of those loans to the borrower and investor. For more info visit https://web.archive.org/web/20101009120219/http://www.mass.gov/?pageID=cagopressrelease&L=1&L0=Home&sid=Cago&b=pressrelease&f=2010_06_24_ms_settlement&csid=Cago