Defendant Name:
Morgan Stanley & Co. LLC
Defendant Type:
Subsidiary of Public Company
Public Company Parent:
Morgan Stanley
SIC Code:
6282
CUSIP:
61744644
Document Reference:
34-99336
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 Section 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
12-Jan-2024
Document Format
Administrative Proceeding
Allegation Type
Other
Document Summary
On January 12, 2024, the SEC instituted settled administrative and cease-and-desist proceedings against Morgan Stanley & Co. LLC, stating: "This matter involves fraudulent conduct perpetrated by two employees on Morgan
Stanley’s Equity Syndicate Desk in the Americas (“Syndicate Desk”) involving large blocks of
stock that the investment banking firm purchased from investors."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Censured
The Commission ordered that: "Respondent’s obligation to pay $166,354,821 shall be offset in an amount equal to the value of any assets and funds actually paid pursuant to a forfeiture or restitution order, for the benefit of victims, in the parallel non-prosecution agreement with the USAO for SDNY within 14 days of entry of this Order."
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Monetary Penalties:
Disgorgement
Individual:
$138,297,046.00
Shared:
Civil Penalty
Individual:
$83,000,000.00
Shared:
Pre-Judgment Interest
Individual:
$28,057,775.00
Shared:
