Morgan Stanley Suspended From France’s Elite Bond Club
- Action taken as a result of transactions conducted in 2015
- Revoked status will be for a period of at least three months
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Morgan Stanley has temporarily lost its status as a primary dealer of French government bonds.
The suspension, which relates to transactions that took place more than five years ago, will last at least three months and takes effect Tuesday, Agence France Tresor -- the nation’s debt management office -- said in a statement.