Violation Tracker Individual Record

Company: 
Morgan Stanley Smith Barney
Current Parent Company: 
Morgan Stanley
Penalty: 
$8,000,000
Year: 
2017
Date: 
February 14, 2017
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 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.