Violation Tracker Individual Record
Company:
Morgan Stanley Smith Barney
Current Parent Company:
Morgan Stanley
Penalty:
$8,000,000
Year:
2017
Date:
February 14, 2017
Offense Group:
financial offenses
Primary Offense:
investor protection violation
Violation Description:
Morgan Stanley Smith Barney agreed to pay an $8 million penalty and admit wrongdoing to settle allegations related to single inverse ETF investments it recommended to advisory clients.
Level of Government:
federal
Action Type:
agency action
Agency:
Securities and Exchange 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 of Data:
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.
