Morgan Stanley was fined 2 million dollars by the Massachusetts regulatory agency for the sale of stocks by senior executives at this California bank before its collapse last year. A spokesperson for the Massachusetts Securities Division said Morgan Stanley would pay 2 million dollars to settle the agency's investigation. A representative of Morgan Stanley said the bank is pleased that the issue has been resolved. There were reports in May last year that the US Department of Justice was investigating the stock trading activities of some employees during the collapse of First Trust Bank.