Violation Tracker Individual Record

Company: 
Morgan Stanley DW
Current Parent Company: 
Morgan Stanley
Penalty: 
$700,000
Year: 
2005
Date: 
September 6, 2005
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Secondary Offense: 
financial institution supervision failures
Violation Description: 

Morgan Stanley agreed to pay $700,000 in settlement of a state administrative action alleging that improperly supervised brokers who executed numerous unauthorized and unsuitable securities transactions in the brokerage accounts of a married couple.

Level of Government: 
state
Action Type: 
agency action
Agency: 
Delaware Attorney General
Civil or Criminal Case: 
civil
Facility State: 
Delaware
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.