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
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:
Related Documents:
34-57723
28-Apr-2008
Administrative Proceeding
Order Appointing Tax Administrator
The Commission stated: "IT IS ORDERED that Damasco, pursuant to and in accordance with the Omnibus Order, is appointed the Tax Administrator for the QSF".
34-61598
26-Feb-2010
Administrative Proceeding
Notice of Proposed Plan of Distribution and Opportunity for Comment
On February 26, 2010, the SEC issued a Notice of Proposed Plan of Distribution and Opportunity for Comment.
Proposed Plan of Distribution
On February 26, 2010 a Proposed Plan of Distribution was filed.
34-61882
09-Apr-2010
Administrative Proceeding
Order Approving Plan and Appointing a Plan Administrator
On April 9, 2010, the SEC issued an Order Approving Plan and Appointing a Plan Administrator.
34-70648
09-Oct-2013
Administrative Proceeding
Order Directing Disbursement of Fair Fund
On October 9, 2013, the SEC ordered that: "the Commission staff shall disburse the Fair Fund in the amount stated in the validated electronic payment file of $17,215,108.26 as provided for in the Distribution Plan."
34-77559
07-Apr-2016
Administrative Proceeding
Order Authorizing the Transfer to the U.S. Treasury of Remaining Funds and Any Funds Returned to the Fair Fund in the Future, Discharging the Fund Administrator, and Terminating the Fair Fund
On April 7, 2016, the Commission ordered the termination of the Fair Fund, the discharge of Rust Consulting, Inc. as the Fund Administrator, and the transfer of the remaining Fair Fund balance of $6,835.69 to the U.S. Treasury.
