Violation Tracker Individual Record

Company: 
Morgan Stanley DW Inc.
Current Parent Company: 
Morgan Stanley
Penalty: 
$1,040,964
Year: 
2006
Date: 
October 17, 2006
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Secondary Offense: 
financial institution supervision failures
Violation Description: 

The New York Attorney General Spitzer announced a settlement with Morgan Stanley DW Inc., a wholly owned subsidiary of Morgan Stanley, for failing to supervise one of its brokers who defrauded 15 customers of more than $740,000.

Level of Government: 
state
Action Type: 
agency action
Agency: 
New York Attorney General
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 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.