Violation Tracker Individual Record
Company:
Morgan Stanley
Current Parent Company:
Morgan Stanley
Penalty:
$550,000,000
Year:
2016
Date:
February 11, 2016
Offense Group:
financial offenses
Primary Offense:
toxic securities abuses
Violation Description:
The New York Attorney General announced a $550 million settlement with Morgan Stanley to resolve allegations of deceptive practices in the marketing, sale and issuance of residential mortgage-backed securities in the period leading up to the financial crisis. This was announced at the same time that the federal government announced a $2.6 billion settlement with Morgan Stanley on the same issue; see the Violation Tracker entry at https://violationtracker.goodjobsfirst.org/violation-tracker/-morgan-sta...
Level of Government:
state
Action Type:
agency action
Agency:
New York Attorney General
Civil or Criminal Case:
civil
Facility State:
New York
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.
