Morgan Stanley has agreed to pay a $1-million pleasant to
settle US Securities and alternate commission civil costs that safety lapses on
the Wall avenue bank enabled a former economic adviser to tap into its
computers and take purchaser data home, the regulator stated on Wednesday.
The agreement resolves allegations related to Galen Marsh's
unauthorised transfers from 2011 to 2014 of statistics from about 730,000 debts
to his home laptop in New Jersey, a number of which became hacked by way of
third events and supplied on the market on-line. Marsh became sentenced in
December to three years probation and ordered to pay $six hundred,000 in
restitution after pleading responsible to at least one legal matter of
unauthorised get entry to to a computer. Prosecutors had sought prison time.
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