Morgan Stanley Is Fined for First Republic C.E.O.’s Stock Sales

James Herbert was permitted to sell nearly $7 million of shares before First Republic Bank’s demise last year, Massachusetts regulators said. Banking and Financial Institutions, Regulation and Deregulation of Industry, Fines (Penalties), First Republic Bank, Morgan Stanley, Massachusetts, Herbert, James H II James Herbert was permitted to sell nearly $7 million of shares before First Republic Bank’s demise last year, Massachusetts regulators said. NYT > Business