Violation Tracker Individual Record
Company:
Morgan Stanley Smith Barney LLC
Current Parent Company:
Morgan Stanley
Penalty:
$4,743,815
Year:
2016
Date:
April 9, 2016
Offense Group:
financial offenses
Primary Offense:
investor protection violation
Secondary Offense:
financial institution supervision failures
Violation Description:
Morgan Stanley agreed to pay a $100,000 penalty, $400,000 in costs, and set up a $4,243,815 Customer Fund for restitution in settlement of allegations it failed to supervise its agents leading to unsuitable investments for clients.
Level of Government:
state
Action Type:
agency action
Agency:
Mississippi Secretary of State-Securities
Civil or Criminal Case:
civil
Facility State:
Mississippi
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.
