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Company: Morgan Stanley
Current Parent Company:
Morgan Stanley
Parent at the Time of the Penalty Announcement:
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Penalty: $150,000,000
Year: 2019
Date: April 25, 2019
Offense Group: financial offenses
Primary Offense: investor protection violation
Mega-Scandal:
Toxic Securities
Violation Description: Morgan Stanley agreed to pay $150 million to resolve allegations that it misled state pension funds and other investors about the risks of mortgage-backed securities.
Level of Government: state
Action Type: agency action
Agency: California Attorney General
Civil or Criminal Case: civil
Facility State: California
HQ Country of Current Parent: USA
HQ State of Current Parent: New York
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: financial services
Source of Data:
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the
Update Log.
