Violation Tracker Individual Record
Company:
Morgan Stanley
Current Parent Company:
Morgan Stanley
Penalty:
$2,900,000
Year:
2006
Date:
September 5, 2006
Offense Group:
financial offenses
Primary Offense:
investor protection violation
Secondary Offense:
financial institution supervision failures
Violation Description:
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.
Level of Government:
federal
Action Type:
agency action
Agency:
Financial Industry Regulatory Authority
Civil or Criminal Case:
civil
HQ Country of Parent:
USA
HQ State of Parent:
New York
Ownership Structure of Parent:
publicly traded
Major Industry of Parent:
financial services
Specific Industry of Parent:
financial services
Source of Data:
NASD Fines Morgan Stanley Firms $2.9 Million for Widespread Violations of NASD Rules, PR Newswire, September 5, 2006 (via Nexis).
Notes:
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).
Source Notes:
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note:
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.
