Defendant Name:
Morgan Stanley and Co. LLC
Defendant Type:
Subsidiary of Public Company
Public Company Parent:
Morgan Stanley
SIC Code:
6712
CUSIP:
61744644
Document Reference:
34-90046
Document Details
Legal Case Name
In the Matter of Morgan Stanley & Co. LLC
Document Name
Order Instituting Administrative and Cease-and-Desist Proceedings, Pursuant to Sections 15(b) and 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order
Document Date
30-Sep-2020
Document Format
Administrative Proceeding
Allegation Type
Broker Dealer
Document Summary
On September 30, 2020, the SEC instituted settled cease-and-desist proceedings against Morgan Stanley & Co. LLC. The Commission stated: "These proceedings concern MS&Co's violations of the order marking requirements of Regulation SHO ("Reg SHO") of the Exchange Act resulting from its improper use of aggregation units in structuring the firm's prime brokerage swaps business."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Censured
Other Compliance Related Undertaking
Monetary Penalties:
Civil Penalty
Individual:
$5,000,000.00
Shared:
