Defendant Name: Morgan Stanley and Co. LLC

Defendant Type: Subsidiary of Public Company
Public Company Parent: Morgan Stanley
SIC Code: 6211
CUSIP: 61744644

Document Reference: 34-56980

Document Details

Legal Case Name In the Matter of Morgan Stanley & Co. Incorporated
Document Name Order Instituting Administrative and Cease-and-Desist Proceedings, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order Pursuant to Sections 15(b) and 21C of the Securities Exchange Act of 1934 and Sections 9(b) and 9(f) of the Investment Company Act of 1940
Document Date 18-Dec-2007
Document Format Administrative Proceeding
File Number 3-12907
Allegation Type Broker Dealer
Document Summary On December 18, 2007, the SEC instituted settled administrative and cease-and-desist proceedings against Morgan Stanley & Co. Incorporated, the successor to Morgan Stanley DW Inc. ("MSDW"). According to the SEC: "From at least January 2002 until August 2003, four financial advisors ('FA 1,' 'FA 2,' 'FA 3,' and 'FA 4,' or collectively the 'FAs') at three MSDW offices ('Office A,' 'Office B,' and 'Office C') engaged in deceptive trading practices designed to circumvent mutual funds' restrictions on market timing."

Disgorgement & Penalty Information

Resolutions
Censured
Various undertakings
Remedial Acts or Efforts Before the Resolution
Fair Funds
Plan of Distribution
Monetary Penalties:

Disgorgement

Individual:     $4,400,000.00 Shared:    

Civil Penalty

Individual:     $11,880,000.00 Shared:    

Pre-Judgment Interest

Individual:     $720,000.00 Shared:    

Total Penalty

Individual:     $17,000,000.00 Shared:    

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