Violation Tracker Individual Record

Company: 
Morgan Stanley & Co., Inc.
Current Parent Company: 
Morgan Stanley
Penalty: 
$495,000
Year: 
2000
Date: 
January 24, 2000
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Secondary Offense: 
financial institution supervision failures
Violation Description: 

NASD Regulation's National Adjudicatory Council censured and fined New York-based Morgan Stanley & Co., Inc., $495,000 for manipulating the prices of nine securities that underlie the Nasdaq 100 Index (NDX) on two separate expiration Fridays in 1995 and for causing locked and crossed markets to occur in nine stocks.

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
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: 
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Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.