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Morgan Stanley to Allow Agents to Sell Crypto Funds to Any Clients

Crypto News

Morgan Stanley reportedly told its financial agents Friday (Oct. 10) that beginning Wednesday (Oct. 15), they will be able to sell cryptocurrency funds to any clients.

The wealth management firm will also allow crypto investments in any type of account, CNBC reported Friday, citing unnamed sources.

Morgan Stanley did not immediately reply to PYMNTS’ request for comment.

These policies mark a change for the firm because it previously allowed its financial agents to pitch crypto funds only to clients with at least $1.5 million in assets and an “aggressive risk tolerance,” according to the report. It also limited crypto to taxable brokerage accounts.

Together with these changes, Morgan Stanley will use an automated monitoring…

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