Morgan Stanley to Pay $15 Million Civil Penalty in SEC Settlement

Ferries, Craig T.
May 2006
Bond Buyer;5/11/2006, Vol. 356 Issue 32379, p31
Trade Publication
The article reports that the Morgan Stanley Co. Inc. has agreed to pay a $15 million civil penalty to settle charges by the U.S. Securities and Exchange Commission (SEC). According to the report, Morgan Stanley has agreed with the settlement in response to its failure to produce tens of thousands of emails during the four-and-a-half-year investigation of SEC with the firm's initial public offerings and research analysts practices.


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