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Briefly

From Associated Press

Federal regulators are looking to fine Wall Street powerhouse Morgan Stanley about $10 million for allegedly violating record-keeping rules by failing to preserve e-mail messages, a person with knowledge of the investigation said Tuesday.

The person confirmed a report Tuesday in the Wall Street Journal that said the e-mail in question might have been relevant to several cases the Securities and Exchange Commission has brought against the firm.

Morgan Stanley declined to comment.

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