Defendant Name: Morgan Stanley Smith Barney LLC

Defendant Type: Subsidiary of Public Company
Public Company Parent: Morgan Stanley
SIC Code: 6712
CUSIP: 61744644

Document Reference: 34-88856

Document Details

Legal Case Name In the Matter of Morgan Stanley Smith Barney LLC
Document Name 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
Document Date 12-May-2020
Document Format Administrative Proceeding
File Number 3-19793
Allegation Type Investment Advisers/Investment Companies
Document Summary On May 12, 2020, the SEC instituted settled cease-and-desist proceedings against Morgan Stanley Smith Barney LLC ("MSSB"). The SEC stated: "These proceedings arise out of marketing and client communications related to the services rendered and costs incurred in MSSB's retail wrap fee programs, which were misleading to certain clients, and MSSB's failure to adopt and implement written policies and procedures reasonably designed to prevent violations of the Advisers Act."

Disgorgement & Penalty Information

Resolutions
Cease and Desist Order
Censured
Remedial Acts or Efforts Before the Resolution
Fair Funds
Monetary Penalties:

Civil Penalty

Individual:     $5,000,000.00 Shared:    

Related Documents:

2020-109 12-May-2020 Press Release--Administrative Proceeding
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