Violation Tracker Individual Record

Company: 
Morgan Stanley Smith Barney
Current Parent Company: 
Morgan Stanley
Penalty: 
$490,000
Year: 
2014
Date: 
March 27, 2014
Primary Offense: 
securities issuance or trading violation
Violation Description: 

The U.S. Commodity Futures Trading Commission settled charges against Morgan Stanley Smith Barney LLC for violating CFTC rules governing secured funds of foreign futures and option customers, commingling customer and firm funds, failing to prepare accurate daily computations of its segregated and secured funds, failing to properly title account statements for four customer segregated accounts, and failing to diligently supervise its employees handling of matters related to its business as a CFTC registrant.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Commodity Futures Trading Commission
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.