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Violation Tracker Individual Record

Company: Morgan Stanley
Current Parent Company: Morgan Stanley
Penalty: $550,000,000
Year: 2016
Date: February 11, 2016
Offense Group: financial offenses
Primary Offense: toxic securities abuses
Secondary Offense: investor protection violation
Mega-Scandal: Toxic Securities
Violation Description: The New York Attorney General announced a $550 million settlement with Morgan Stanley to resolve allegations of deceptive practices in the marketing, sale and issuance of residential mortgage-backed securities in the period leading up to the financial crisis. This was announced at the same time that the federal government announced a $2.6 billion settlement with Morgan Stanley on the same issue; see the Violation Tracker entry at (click here)
Level of Government: state
Action Type: agency action
Agency: New York Attorney General
Civil or Criminal Case: civil
Facility State: New York
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.