Defendant Name:
Morgan Stanley Smith Barney LLC
Defendant Type:
Subsidiary of Public Company
Document Reference:
2017-46
Document Details
Legal Case Name
In the Matter of Morgan Stanley
Document Name
Morgan Stanley Settles Charges Related to ETF Investments
Document Date
14-Feb-2017
Document Format
Administrative Proceeding
Allegation Type
Investment Advisers/Investment Companies
Document Summary
On February 14, 2017 the SEC announced in a press release that Morgan Stanley Smith Barney had "agreed to pay an $8 million penalty and admitted wrongdoing to settle charges related to single inverse ETF investments it recommended to advisory clients." According to the SEC: "Morgan Stanley did no adequately implement its policies and procedures to ensure that clients understood the risks involved with purchasing inverse ETFs."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Censured