Defendant Name:
Morgan Stanley Smith Barney LLC
Defendant Type:
Subsidiary of Public Company
Document Reference:
2017-12
Document Details
Legal Case Name
In the Matter of Morgan Stanley Smith Barney, LLC
Document Name
Morgan Stanley Paying $13 Million Penalty for Overbilling Clients and Violating Custody Rule
Document Date
13-Jan-2017
Document Format
Administrative Proceeding
Allegation Type
Investment Advisers/Investment Companies
Document Summary
On January 13, 2017, the SEC announce in a press release a settled order against Morgan Stanley Smith Barney. According to the SEC: Morgan Stanley "overbilled investment advisory clients due to coding and other billing system errors. The firm also violated the custody rule pertaining to annual surprise examinations."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Censured
Other Compliance Related Undertaking