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Violation Tracker Individual Record

Company: Morgan Stanley Mortgage Capital Holdings
Current Parent Company: Morgan Stanley
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $28,200,000
Year: 2011
Date: September 27, 2011
Offense Group: financial offenses
Primary Offense: toxic securities abuses
Mega-Scandal: Mortgage Abuses
Violation Description: Morgan Stanley agreed to pay $7.2 million to the state and provide $20 million-$40 million in mortgage relief to homeowners to resolve an investigation into the firm's role in purchasing and securitizing roughly 3,000 subprime mortgages in Nevada.
Level of Government: state
Action Type: agency action
Agency: Nevada Attorney General
Civil or Criminal Case: civil
Facility State: Nevada
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: (click here) (scroll down)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.