Defendant Name: Morgan Stanley Smith Barney LLC

Defendant Type: Subsidiary of Public Company
Public Company Parent: Morgan Stanley
SIC Code: 6282
CUSIP: 61744644

Initial Case Details

Legal Case Name In the Matter of Morgan Stanley Smith Barney LLC
First Document Date 20-Sep-2022
Initial Filing Format Administrative Action
File Number 3-21112
Allegation Type Investment Advisers/Investment Companies

Violations Alleged

Other
• Rules 30(a), 30(b) Regulation S-P

Resolutions

First Resolution Date 20-Sep-2022

Related Documents:

2022-168 20-Sep-2022 Press Release--Administrative Proceeding
Morgan Stanley Smith Barney to Pay $35 Million for Extensive Failures to Safeguard Personal Information of Millions of Customers
On September 20, 2022, the SEC "announced charges against Morgan Stanley Smith Barney LLC (MSSB) stemming from the firm’s extensive failures, over a five-year period, to protect the personal identifying information, or PII, of approximately 15 million customers. MSSB has agreed to pay a $35 million penalty to settle the SEC charges."
34-95832 20-Sep-2022 Administrative Proceeding
Order Instituting Administrative and Cease-and-Desist Proceedings, Pursuant to Sections 15b and 21c of the Securities Exchange Act of 1934 and Sections 203(e) and 203(k) of the Investment Advisers Act of 1940, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order
The Commission stated: "These proceedings arise out of Respondent's failure to protect its customer records and information, including personal identifying information ("PII"), and properly dispose of consumer report information, in connection with the decommissioning of two data centers in 2016."