sec whistleblower attorneys
September 30, 2020
Morgan Stanley & Co. LLC
Trading and Pricing
SANCTION AMOUNT: $5000000
Defendants: Morgan Stanley & Co. LLC
Respondent, one of financial services giant Morgan Stanley’s primary U.S. broker-dealer subsidiaries, agreed to settle charges that it violated Regulation SHO, the regulatory framework governing short sales, by establishing aggregation units to hedge its synthetic swap exposure that (i) were not independent and (ii) did not have separate trading strategies.
- Key Docs
- Official SEC press release