Violation Tracker Individual Record

Company: 
Morgan Stanley DW Inc.
Current Parent Company: 
Morgan Stanley
Penalty: 
$415,000
Year: 
2006
Date: 
February 3, 2006
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Secondary Offense: 
financial institution supervision failures
Violation Description: 

Morgan Stanley DW agreed to pay $415,000 in restitution, costs, and contributions to consumer education in settlement of allegations one of its Financial Advisors recommended unsuitable investments and engaged in unauthorized trading, inappropriate use of margin, and excessive trading.

Level of Government: 
state
Action Type: 
agency action
Agency: 
Idaho Securities Bureau
Civil or Criminal Case: 
civil
Facility State: 
Idaho
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.