Corp-Ethics Home
Log In | Register New User
Home Company Search Related Articles Forum (new!)

Company Morgan Stanley [Company Info]
  Track this Company (an email will be sent to you everytime a report is filed about this company)

Date Issue Title
12th Jan 2005 Fraud Investigation Morgan Stanley hit by record fine

Report
The New York Stock Exchange (NYSE) has hit US investment bank Morgan Stanley with a record $19m (10m) fine.

The penalty, the largest so far imposed by the exchange, was the result of regulatory and supervisory lapses at Morgan Stanley, the NYSE said.

The NYSE said it had discovered "supervisory, operational and technological deficiencies" in some of Morgan Stanley's operations.

The US exchange said it had also censured the firm.

Other shortcomings cited by the NYSE included Morgan Stanley's failure to deliver prospectuses to 156,000 accounts and provide accurate reports to the exchange.

Morgan Stanley has neither admitted or denied the findings, the NYSE said in a statement.

The bank was not immediately available for comment.

Other Reports on Morgan Stanley
Date Issue Company Report
17th Aug 2008 Questionable Practice Morgan Stanley US banks give clients $7bn refund
20th Jul 2005 Other Issue Morgan Stanley Pension fund sues Morgan Stanley
18th May 2005 Fraud Investigation Morgan Stanley Morgan Stanley faces $850m payout

Related Reports from the Financial Industry
Company Issue Report
KPMG Other Issue KPMG admits to past tax misdeeds
Equitable Life Questionable Practice Equitable chiefs face fresh probe
American International Fraud Investigation World's largest insurer under investigation
FleetBoston Fraud Investigation Fleet Boston agrees to pay fines
Marsh & McLennan Fraud Investigation Corruption probe hits US insurers
 
Contact Us | Terms of Service | Privacy Policy | Add Report | Links
© 2006 Corp-Ethics.com | Corporate Ethics