Morning Scan: B of A Unit Probed for Tax Trades; Morgan Stanley Succ...

Wall Street Journal

Is it a case of He Who Must Not Be Named? No, it's not Voldemort from the Harry Potter series. It's the Structured Equity Finance and Trading group at Bank of America, also known as SEFT. Why has the division been sent to the penalty box? Because regulators have stepped up the pace of investigations into the type of dividend-tax trades made by SEFT. Unnamed sources say regulators are looking into whether the...