HW Media connects and informs decision makers across the housing economy. Professionals rely on HW Media for breaking news, reporting, and industry data and rankings. Moving the Housing Market Forward.

CalPERS

Latest Posts

Morgan Stanley to pay $150 million for pushing toxic mortgage bonds on California’s teachers and public employees HW+

Apr 25, 2019By

Morgan Stanley has agreed to a $150 million settlement to resolve claims that it misrepresented the poor-quality of pre-crisis mortgage bonds and cost California teachers and public employees millions of dollars, the California Attorney General announced Thursday. The settlement puts an end to a three-year investigation into Morgan Stanley’s failure to reveal the true nature of the mortgage-backed securities is was selling to CalPERs and CalSTRS.

3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please