By Kyle Brasseur2024-01-12T15:04:00
Financial services giant Morgan Stanley agreed to pay approximately $249 million as part of settlements with the Securities and Exchange Commission (SEC) and Department of Justice (DOJ) to resolve an admitted fraud scheme involving block trades perpetrated, in part, by a former senior employee at the firm.
In settling with the SEC, Morgan Stanley agreed to pay approximately $138 million in disgorgement, about $28 million in prejudgment interest, and an $83 million civil penalty, the agency announced Friday. The disgorgement and prejudgment interest totals will be deemed partially satisfied by the $137 million in forfeiture and restitution the DOJ ordered the firm to pay.
The DOJ also levied a fine of nearly $17 million that reflected a 35 percent discount for full cooperation. That fine was credited as part of the SEC’s penalty.
2024-02-16T19:21:00Z By Aaron Nicodemus
Morgan Stanley will pay a $1.6 million fine levied by the Financial Industry Regulatory Authority for failing to close out certain municipal securities transactions over a five-year period.
2024-01-11T16:39:00Z By Kyle Brasseur
The U.S. Attorney’s Office for the Southern District of New York took its efforts to encourage voluntary self-disclosure a step further with the launch of a whistleblower pilot program for individuals involved in nonviolent offenses.
2023-11-17T21:10:00Z By Adrianne Appel
Morgan Stanley agreed to pay $6.5 million as part of a settlement with six states requiring the firm to strengthen its data security after actions it took compromised the personal data of millions of customers.
2025-10-08T18:28:00Z By Adrianne Appel
Charlie Javice, a former CEO who duped JPMorgan Chase into purchasing her start up company for $175 million, has been ordered to forfeit more than $22 million by the Department of Justice (DOJ) and to spend 7 years in jail.
2025-10-07T16:08:00Z By Adrianne Appel
Georgia Tech Research Corp. (GTRC) has agreed to pay $875,000 to settle allegations first raised by two compliance officers that its cybersecurity protocols violated acceptable standards for defense contractors, the Department of Justice (DOJ) said.
2025-10-06T17:12:00Z By Adrianne Appel
Tractor Supply Company has agreed to get into compliance with California’s consumer privacy law and to pay a $1.35 million fine—the largest yet by California—to settle allegations it violated the privacy rights of customers and job applicants.
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