Defendant Name:
Morgan Stanley and Co. LLC
Defendant Type:
Subsidiary of Public Company
Public Company Parent:
Morgan Stanley
SIC Code:
6211
CUSIP:
61744644
Document Reference:
34-79606
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
20-Dec-2016
Document Format
Administrative Proceeding
Allegation Type
Broker Dealer
Document Summary
On December 20, 2016, the SEC instituted a settled proceeding against Morgan Stanley & Co. LLC for violating the SEC's Customer Protection Rule. According to the SEC: from March 2013 to May 2015, "by improperly including debits from affiliates... the information in MS&Co’s FOCUS Reports and annual audited financial statements on its Reserve Formula calculations was inaccurate."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Censured
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Monetary Penalties:
Civil Penalty
Individual:
$7,500,000.00
Shared: