Foreign News: Morgan Stanley fined US$2M over short selling violations, ICICI Bank to open Shanghai 18 May 2015 3:37PM Banking Day staff Regulators fined Morgan Stanley US$2million for violating short selling rules and inaccurately reporting its short interest positions on billions of shares for more than six years. According to the Financial Industry Regulatory Authority, Morgan Stanley gave inaccurate or incomplete data in regard to some securities. Morgan Stanley consented to FINRA's findings but did not admit or deny the charges. India's ICICI Bank is set to expand its presence in China with the opening of a branch in Shanghai. The bank, which operates in 17 countries, already has a representative office in China and it now has the regulatory approvals to open its first branch.