Morgan Stanley has agreed to pay $1 million in fines for internal security shortfalls that led to stolen customer data and criminal charges for one of its former wealth management employees, the SEC said.

The wirehouse agreed to pay a penalty and settle charges related to its failure to protect customer information in an oversight that remained unaddressed for more than 10 years, according to the regulator. The security flaw was used by a financial adviser to download information related to roughly 730,000 customer accounts off of company servers from 2011 to 2014.

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