Defendant Name:
Morgan Stanley Smith Barney LLC
Defendant Type:
Subsidiary of Public Company
Document Reference:
2020-109
Document Details
Legal Case Name
In the Matter of Morgan Stanley Smith Barney LLC
Document Name
SEC Charges Morgan Stanley Smith Barney With Providing Misleading Information to Retail Clients
Document Date
12-May-2020
Document Format
Administrative Proceeding
Allegation Type
Investment Advisers/Investment Companies
Document Summary
The SEC stated that "Morgan
Stanley Smith Barney LLC (MSSB) has agreed to settle charges that it provided misleading information to clients in its retail wrap fee programs regarding trade execution services and transaction costs. MSSB has agreed to pay a $5 million penalty that will be distributed to harmed investors."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Censured
Fair Funds
Monetary Penalties:
Civil Penalty
Individual:
$5,000,000.00
Shared: