Violation Tracker Individual Record
NASD fined Morgan Stanley DW, Inc. $1.5 million and ordered the firm to pay more than $4.6 million in restitution for failing to adequately supervise its fee-based brokerage business.
NASD Orders Morgan Stanley to Pay over $6.1 Million for Fee-Based Account Violations, PR Newswire, August 2, 2005 (via Nexis).
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).