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Violation Tracker Individual Record

Company: Morgan Stanley & Co. LLC
Current Parent CompanyMorgan Stanley
Parent at the Time of the Penalty Announcement subscribe to see this data field
Penalty: $153,431,223
Year: 2024
Date: January 12, 2024
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: Morgan Stanley & Co. entered into a non-prosecution agreement with the U.S. Attorney's Office in the Southern District of New York and agreed to pay more than $153 million to the United States for making false statements in connection with the sale of certain block trades from 2018 through August 2021.  The NPA requires Morgan Stanley to forfeit $72,515,141 to the United States, representing its profits from trades; to pay $64,016,082 in restitution, representing the harm it caused to the sellers of the blocks; and to pay a $16,900,000 fine.
Level of Government: federal
Action Type: agency action
Agency: U.S. Attorney-Southern District of New York
Civil or Criminal Case: criminal
Prosecution Agreement: non-prosecution agreement
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
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.