Violation Tracker Individual Record

Company: 
Morgan Stanley Mortgage Capital Holdings
Current Parent Company: 
Morgan Stanley
Penalty: 
$28,200,000
Year: 
2011
Date: 
September 27, 2011
Offense Group: 
financial offenses
Primary Offense: 
toxic securities abuses
Violation Description: 

Morgan Stanley agreed to pay $7.2 million to the state and provide $20 million-$40 million in mortgage relief to homeowners to resolve an investigation into the firm's role in purchasing and securitizing roughly 3,000 subprime mortgages in Nevada.

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