SEC
Whistleblower
Advocates

December 22, 2015

Morgan Stanley Investment Management Inc., Sheila Huang

Trading and Pricing

SANCTION AMOUNT: $8,982,534

Defendants: Morgan Stanley Investment Management Inc.
Sheila Huang

Settlement of charges by investment firm that one of its portfolio managers conducted unlawful prearranged trading known as “parking,” favoring certain advisory client accounts over others. In this case, the portfolio manager allegedly sold fixed income securities that needed to be liquidated to a certain broker-dealer with whom she had prearranged to repurchase the securities, for the initial sale price plus a minimal markup in order to “buyback” the positions into other accounts advised by MSIM.

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