Violation Tracker Individual Record
NASD sanctioned Morgan Stanley DW Inc. for failing to disclose to purchasers of municipal bonds that those bonds could be called prior their stated maturity dates, which could result in losses to the investors.
NASD Fines Morgan Stanley $100,000 for Municipal Bond Disclosure Violations, PR Newswire, December 6, 2004 (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).