Defendant Name:
Morgan Stanley and Co. LLC
Defendant Type:
Subsidiary of Public Company
Public Company Parent:
Morgan Stanley
SIC Code:
6211
CUSIP:
61744644
Initial Case Details
Legal Case Name
In the Matter of Morgan Stanley & Co. Incorporated
First Document Date
09-May-2007
Initial Filing Format
Administrative Action
File Number
3-12631
Allegation Type
Broker Dealer
Resolutions
First Resolution Date
09-May-2007
Headline Total Penalty and Disgorgement
$7,957,200
Related Documents:
34-55726
09-May-2007
Administrative Proceeding
Order Instituting Administrative and Cease-and-Desist Proceedings, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order Pursuant to Sections 15(b) and 21C of the Securities Exchange Act of 1934
On May 9, 2007, the SEC instituted settled administrative and cease-and-desist proceedings against Morgan Stanley & Co., Incorporated ("MS & Co."). According to the SEC: "This matter arises from MS & Co.'s failure to provide best execution to certain retail orders for over-the-counter ('OTC') securities during the time period of October 24, 2001, through December 8, 2004...."
34-60160
23-Jun-2009
Administrative Proceeding
Notice of Proposed Plan of Disgorgement and Opportunity for Comment
The Commission stated: "Notice is hereby given . . . that the Division of Enforcement has filed with the Commission a proposed plan ("Distribution Plan") for the distribution of monies in the Matter of Morgan Stanley & Co. Incorporated."
Proposed Plan of Distribution
The Commission stated: "This Plan of Distribution (the "Plan") proposes a methodology for distributing to investors $6,457,200, plus accumulated interest, paid by Morgan Stanley & Co. Incorporated ("MS & Co." or "Respondent") in settlement of administrative proceedings addressing certain automated order-handling practices on behalf of retail customer orders."
34-60568
25-Aug-2009
Administrative Proceeding
Order Approving Plan of Distribution
The Commission stated: "IT IS HEREBY ORDERED . . . that the Distribution Plan is approved."
34-60567
25-Aug-2009
Administrative Proceeding
Order Appointing a Plan Administrator and Waiving Bond
The Commission stated: "Rust Consulting, Inc. is appointed as Plan Administrator; and . . . The bond requirement of Rule 1105(c) of the Commission’s Rules on Fair Fund and Disgorgement Plans . . . is waived for good cause shown."
34-62162
24-May-2010
Administrative Proceeding
Order Directing Disbursement of Disgorgement Fund
On May 24, 2010, the SEC issued an Order Directing Disbursement of Disgorgement Fund.
34-63399
30-Nov-2010
Administrative Proceeding
Order Directing Disbursement of Disgorgement Fund
On November 30, 2010, the SEC ordered that: "the Commission staff shall disburse the Disgorgement Fund in the amount stated in the validated payment file of $457,821.82 as provided in the Plan."
34-64078
11-Mar-2011
Administrative Proceeding
Order Directing Disbursement of Disgorgement Fund
On March 11, 2011 the SEC ordered: "the Commission staff shall disburse the Disgorgement Fund in the amount stated in the validated payment file of $584,028.55 as provided in the Plan."
34-68299
27-Nov-2012
Administrative Proceeding
Order Authorizing the Transfer of Remaining Funds and Any Future Funds Returned to the Disgorgement Fund to the United States Treasury, Terminating the Disgorgement Fund, and Discharging the Plan Administrator
On November 27, 2012, the SEC ordered the termination of the Disgorgement Fund and the discharge of Rust Consulting, Inc. as Plan Administrator. The SEC also ordered the transfer of the $3,838,484.53 remaining balance in the Disgorgement Fund and any future funds returned to the Disgorgement Fund to the United States Treasury. The Disgorgement Fund initially consisted of MS & Co.'s payment of $5,949,222 in disgorgement and $507,978 in prejudgement interest.
