Morgan Stanley Hit With $15M Fine After Advisers Take Millions

The U.S. Securities and Exchange Commission said that Morgan Stanley failed to detect hundreds of unauthorized transfers that occurred between May 2015 and July 2022 and to “reasonably supervise” its ... Read More

Morgan Stanley Smith Barney fined $15M by SEC for inadequate supervision

Morgan Stanley Smith Barney was charged Monday with failing to reasonably supervise four of its advisors - Michael Carter, Chingyuan “Gary” Chang, Douglas McKelvey, and Jesus Rodriguez - who ... Read More

Morgan Stanley Smith Barney to pay $15M penalty to settle SEC charges

Morgan Stanley Smith Barney will pay a $15 million penalty as part of a settlement with the Securities and Exchange Commission related to four financial advisers who stole millions of dollars of advis ... Read More

LPL Discloses SEC Inquiry Into Its Cash Sweep Practices

LPL disclosed that in August the SEC asked for more information with regard to the company’s cash management program for advisory ... requests of other brokerage firms such as Morgan Stanley. Read More

Morgan Stanley to pay $15M SEC fine to settle 4 financial advisors’ theft charges

Morgan Stanley has ... certain patterns of cash wire transfers, to misappropriate funds from advisory client accounts and brokerage customer accounts, according to the SEC order. Read More

Morgan Stanley to Pay $15M Over Advisors Who Stole Millions From Clients: SEC

The Securities and Exchange Commission has ordered Morgan Stanley to pay $15 million for failures that allowed four of its former advisors to misappropriate millions of dollars from advisory client ... Read More

SEC hits Morgan Stanley with $15 million penalty

The U.S. Securities and Exchange Commission has censured Morgan Stanley Smith Barney, in Purchase, and assessed a $15 million penalty ... Read More

Goldman, Morgan Stanley, BofA Ask Buyers of Bank Risk to Disclose Leverage

(Bloomberg) -- US banks including Goldman Sachs Group Inc., Morgan Stanley and Bank of America Corp. are asking investors to disclose whether ... Bloomberg News reported in June that SRT buyers ... Read More

Morgan Stanley Smith Barney to pay $15M penalty to settle SEC charges

Morgan Stanley formed a venture with Citigroup’s Smith Barney in 2009 and purchased the business outright in 2013. The SEC said that ... advisers assigned to the account bore the same name ... Read More