Violation Tracker Individual Record
NASD imposed fines totaling $2.9 million against Morgan Stanley & Co., Inc. and Morgan Stanley DW Inc. for extensive violations dealing with reporting obligations, best execution, short sales and a range of other NASD, Securities and Exchange Commission and Municipal Securities Rulemaking Board rules.
NASD Fines Morgan Stanley Firms $2.9 Million for Widespread Violations of NASD Rules, PR Newswire, September 5, 2006 (via Nexis).
FINRA is a securities industry self-regulatory body authorized by the federal government. This case was handled by its predecessor, the National Association of Securities Dealers (NASD).