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Violation Tracker Individual Record

Company: Morgan Stanley & Co. LLC
Current Parent Company: Morgan Stanley
Penalty: $83,000,000
Year: 2024
Date: January 12, 2024
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: The Securities and Exchange Commissioncharged investment banking giant Morgan Stanley & Co. LLC and the former head of its equity syndicate desk with a multi-year fraud involving the disclosure of confidential information about the sale of large quantities of stock known as block trades. The SEC also charged Morgan Stanley with failing to enforce its policies concerning the misuse of material non-public information related to block trades. The SEC fined Morgan Stanley $83 million and ordered it to pay $138 million in disgorgement and $28 million in prejudgment interest, though the disgorgement and interest were deemed satisfied by the penalties the firm paid in a parallel criminal settlement with the Justice Department (see separate entry).
Level of Government: federal
Action Type: agency action
Agency: Securities and Exchange Commission
Civil or Criminal Case: civil
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
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.