Violation Tracker Individual Record

Company: 
Morgan Stanley Smith Barney LLC
Current Parent Company: 
Morgan Stanley
Penalty: 
$5,000,000
Year: 
2014
Date: 
June 9, 2014
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Secondary Offense: 
financial institution supervision failures
Violation Description: 

Morgan Stanley agreed to pay $5 million in settlement of an Administrative Order alleging multiple violations of securities regulations, including failing to to maintain its records correctly and failing to supervise the activities of its agents and office operations to ensure they were correctly trained in and following securities regulations.

Level of Government: 
state
Action Type: 
agency action
Agency: 
Connecticut Securities and Business Investments Division
Civil or Criminal Case: 
civil
Facility State: 
Connecticut
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.