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 09-Dec-2024
Initial Filing Format Administrative Action
File Number 3-22339
Allegation Type Investment Advisers/Investment Companies

Violations Alleged

Other
• Section 206(4) Advisers Act; Rule 206(4)-7 Advisers Act

Resolutions

First Resolution Date 09-Dec-2024
Headline Total Penalty and Disgorgement

See Related Documents

Related Documents:

34-101842 09-Dec-2024 Administrative Proceeding
Order Instituting Administrative and Cease-and-Desist Proceedings, Pursuant to Section 15(b) 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
On December 9, 2024, the SEC instituted settled administrative and cease-and-desist proceedings against Morgan Stanley Smith Barney LLC, stating: "These proceedings arise out of Morgan Stanley Smith Barney's failure to adopt and implement policies and procedures reasonably designed to prevent Morgan Stanley Smith Barney personnel from misusing and misappropriating funds from advisory client and brokerage customer accounts."
2024-193 09-Dec-2024 Press Release--Administrative Proceeding
SEC Charges Morgan Stanley Smith Barney for Policy Deficiencies that Resulted in Failure to Prevent and Detect its Financial Advisors' Theft of Investor Funds
On December 9, 2024, the SEC announced that the "Commission today charged Morgan Stanley Smith Barney LLC (MSSB) with failing to reasonably supervise four investment adviser and registered representatives (hereafter, financial advisors) who stole millions of dollars of advisory clients' and brokerage customers' funds and for failing to adopt policies and procedures reasonably designed to prevent and detect such theft."