UK’s Ofgem fines Morgan Stanley & Co Int’l $6.88 million

(Reuters) – Britain’s energy regulator Ofgem said on Wednesday it had levied a 5.4 million pound ($6.88 million) fine on Morgan Stanley & Co International for not recording and retaining electronic communications relating to trading wholesale energy products.

The fine was for the period between January 2018 and March 2020, it added.

($1 = 0.7845 pounds)

(Reporting by Eva Mathews in Bengaluru; Editing by Rashmi Aich)

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