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
File Number 3-19793
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:    

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