Morgan Stanley Wealth Management Faces Multiple Regulatory Probes Over Client Screening and Monitoring

Morgan Stanley's wealth management arm is being probed by multiple regulators including the SEC, OCC, and Treasury Department
The probes are focused on whether Morgan Stanley is sufficiently investigating client identities and sources of wealth
Regulators are also looking at how Morgan Stanley monitors client financial activity
Some probes involve international clients of the wealth management business
This comes after Morgan Stanley recently resolved a yearslong probe into its block trading practices