SEC, Morgan Stanley

SEC Fines Morgan Stanley $15 Million Over Failure to Protect Client Accounts
The regulator alleges that Morgan Stanley compliance policies failed to prevent four financial advisors from stealing millions of dollars from clients.
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 employees.
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 advisory clients’ and brokerage customers’ funds.
Morgan Stanley to pay $15M SEC fine to settle 4 financial advisors’ theft charges
The financial services firm failed to detect “hundreds” of instances when former employees misappropriated client funds because it did not have a reasonable system in place, said the Securities and Exchange Commission.
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 and brokerage customer accounts.
Morgan Stanley Fined $15 Million by SEC Over Adviser Theft
The SEC said the wirehouse’s broker/dealer’s inadequate policies failed to detect hundreds of unauthorized transfers between May 2015 and July 2022 from its customers’ or clients’ accounts.
SEC fines Morgan Stanley $15M to settle allegations of theft of client funds
A lack of supervision and internal controls at Morgan Stanley Smith Barney allowed four of its investment advisers to steal millions from customers before the behavior was detected, the SEC said in charging the firm.
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 misappropriated almost $10 million in client funds through unauthorized wire transfers and automated clearing house payments.
Morgan Stanley Agrees To Pay $15M Penalty To Settle SEC Charges Over Advisors Stealing Client Funds
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 millions in client funds,
Morgan Stanley to pay $15M over theft by now-former employees
The bank failed to detect “hundreds” of instances when brokers misappropriated client funds through unauthorized Automated Clearing House transfers, the SEC said.
Morgan Stanley Fined $15M For Failing To Stop Reps' Thefts, SEC Says
Four of the firm's dually registered advisor reps stole millions from clients over five years, the agency said.
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