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.