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. LLC
First Document Date 20-Dec-2016
Initial Filing Format Administrative Action
File Number 3-17737
Allegation Type Broker Dealer

Violations Alleged

Exchange Act
• Sec 15(c)
Other
• Section 17(a)(1) Exchange Act; Rules 15c3-3(e), 17a-5(a), 17a-5(d) Exchange Act

Resolutions

First Resolution Date 20-Dec-2016

Related Documents:

2016-269 20-Dec-2016 Press Release--Administrative Proceeding
SEC Charges Morgan Stanley With Customer Protection Rule Violations
On December 20, 2016, the SEC announced in a press release that Morgan Stanley & Co. LLC violated the SEC's Customer Protection Rule. According to the SEC: from March 2013 to May 2015, "Morgan Stanley's affiliated transactions violated the Customer Protection Rule and that as a result of inaccurately calculating its customer reserve account requirements, it submitted inaccurate reports to the SEC."
34-79606 20-Dec-2016 Administrative Proceeding
Order Instituting Administrative and Cease-and-Desist Proceedings, Pursuant to Sections 15(b) and 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order
On December 20, 2016, the SEC instituted a settled proceeding against Morgan Stanley & Co. LLC for violating the SEC's Customer Protection Rule. According to the SEC: from March 2013 to May 2015, "by improperly including debits from affiliates... the information in MS&Co’s FOCUS Reports and annual audited financial statements on its Reserve Formula calculations was inaccurate."