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Violation Tracker Individual Record

Company: Morgan Stanley Smith Barney LLC
Current Parent Company: Morgan Stanley
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $4,743,815
Year: 2016
Date: April 9, 2016
Offense Group: financial offenses
Primary Offense: investor protection violation
Secondary Offense: financial institution supervision failures
Violation Description: Morgan Stanley agreed to pay a $100,000 penalty, $400,000 in costs, and set up a $4,243,815 Customer Fund for restitution in settlement of allegations it failed to supervise its agents leading to unsuitable investments for clients.
Level of Government: state
Action Type: agency action
Agency: Mississippi Secretary of State-Securities
Civil or Criminal Case: civil
Facility State: Mississippi
HQ Country of Current Parent: USA
HQ State of Current Parent: New York
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: financial services
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.