SEC.gov | SEC Charges Morgan Stanley Smith Barney for Policy ...
Dec 9, 2024 · The Securities and Exchange Commission today charged Morgan Stanley Smith Barney LLC (MSSB) with failing to reasonably supervise four investment adviser and registered representatives (hereafter, financial advisors) who stole millions of dollars of advisory clients’ and brokerage customers’ funds and for failing to adopt policies and ...
Morgan Stanley to pay $15M over theft by now-former employees
Dec 10, 2024 · Morgan Stanley will pay $15 million to settle allegations that its Smith Barney unit failed to prevent four of its ex-financial advisers from stealing millions of dollars from customers’ accounts, the Securities and Exchange Commission said Monday.
Morgan Stanley Smith Barney to Pay $35 Million for Extensive …
MSSB has agreed to pay a $35 million penalty to settle the SEC charges. The SEC’s order finds that, as far back as 2015, MSSB failed to properly dispose of devices containing its customers’ PII.
Morgan Stanley Fined $15M For Failing To Stop Reps' Thefts, SEC …
Dec 10, 2024 · Morgan Stanley Smith Barney will pay a $15 million penalty to settle Securities and Exchange Commission that it failed to stop four of its dually registered investment advisor...
Morgan Stanley Hit With $15 Million SEC Fine Over Client Fund …
Morgan Stanley Smith Barney (MSSB) has agreed to pay a $15 million penalty to settle Securities and Exchange Commission charges related to alleged supervisory failures that enabled financial advisors to steal millions from client accounts through unauthorized transfers.
Morgan Stanley Smith Barney to pay $15M penalty to settle …
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...
Morgan Stanley to pay $15M to settle SEC charges Morgan Stanley Smith ...
Dec 11, 2024 · 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...
SEC hits Morgan Stanley with $15 million penalty
Dec 12, 2024 · The U.S. Securities and Exchange Commission has censured Morgan Stanley Smith Barney, in Purchase, and assessed a $15 million penalty against the wealth management firm for inadequate...
Morgan Stanley Agrees To Pay $15M Penalty To Settle SEC
Dec 10, 2024 · Morgan Stanley Smith Barney LLC has agreed to pay a $15 million penalty to settle Securities and Exchange Commission charges for failing to prevent four financial advisors from stealing...
Morgan Stanley to pay $15M SEC fine to settle 4 financial …
Dec 10, 2024 · Morgan Stanley has agreed to pay the Securities and Exchange Commission (SEC) a $15 million penalty, with failing to reasonably supervise four investment adviser and registered...