Defendant Name: Morgan Stanley & Co. 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 & Co. LLC
First Document Date 12-Jan-2024
Initial Filing Format Administrative Action
File Number 3-21825
Allegation Type Other

Violations Alleged

Exchange Act
• Sec 10(b) + Rule 10b-5
Other
• Section 15(g) Exchange Act

Resolutions

First Resolution Date 12-Jan-2024

Related Documents:

34-99336 12-Jan-2024 Administrative Proceeding
Order Instituting Administrative and Cease-and-Desist Proceedings, Pursuant to Section 15(b) and 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order
On January 12, 2024, the SEC instituted settled administrative and cease-and-desist proceedings against Morgan Stanley & Co. LLC, stating: "This matter involves fraudulent conduct perpetrated by two employees on Morgan Stanley’s Equity Syndicate Desk in the Americas (“Syndicate Desk”) involving large blocks of stock that the investment banking firm purchased from investors."
2024-6 12-Jan-2024 Press Release--Administrative Proceeding
SEC Charges Morgan Stanley and Former Executive Pawan Passi with Fraud in Block Trading Business; Firm agrees to pay more than $249 million to settle fraud charges and for failing to enforce information barriers
On January 12, 2024, the SEC stated that: ''[It] charged investment banking giant Morgan Stanley & Co. LLC and the former head of its equity syndicate desk, Pawan Passi, with a multi-year fraud involving the disclosure of confidential information about the sale of large quantities of stock known as “block trades.” The SEC also charged Morgan Stanley with failing to enforce its policies concerning the misuse of material non-public information related to block trades."

Related Actions:

In the Matter of Pawan Kumar Passi
Pawan Kumar Passi