Defendant Name: Morgan Stanley Investment Management Inc.

Defendant Type: Subsidiary of Public Company

Document Reference: 2015-287-Morgan Stanley

Document Details

Legal Case Name In the Matter of Morgan Stanley Investment Management Inc. and Sheila Huang
Document Name Morgan Stanley Settles Charges in "Parking" Scheme
Document Date 22-Dec-2015
Document Format Administrative Proceeding
File Number 3-17016
Allegation Type Investment Advisers/Investment Companies
Document Summary On December 22, 2015, the SEC announced that "Morgan Stanley Investment Management has agreed to pay $8.8 million to settle charges that one of its portfolio managers unlawfully conducted prearranged trading known as 'parking' that favored certain advisory client accounts over others."

Disgorgement & Penalty Information

Resolutions
None Specified

Related Documents:

33-9998 22-Dec-2015 Administrative Proceeding
Order Instituting Administrative and Cease-and-Desist Proceedings Pursuant to Section 8A of the Securities Act of 1933, Section 21C of the Securities Exchange Act of 1934, Sections 203(e), 203(f) and 203(k) of the Investment Advisers Act of 1940, and Sections 9(b) and 9(f) of the Investment Company Act of 1940, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order
On December 22, 2015, the SEC instituted administrative and cease-and-desist proceedings against Morgan Stanley Investment Management Inc. ("MSIM") and Sheila Huang. According to the SEC: "These proceedings concern a series of unlawful prearranged trades conducted by a portfolio manager/trader formerly employed by registered investment adviser MSIM which resulted in the undisclosed favorable treatment of certain MSIM advisory clients over others, in violation of MSIM's fiduciary duties to those clients."

Other Defendants in Action:

Sheila Huang

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