{"id":1443,"date":"2014-05-06T19:37:48","date_gmt":"2014-05-06T19:37:48","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2014\/05\/morgan_stanley_gets_5m_fine_fo"},"modified":"2022-03-11T10:18:22","modified_gmt":"2022-03-11T16:18:22","slug":"morgan-stanley-gets-5m-fine-fo","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/morgan-stanley-gets-5m-fine-fo\/","title":{"rendered":"Morgan Stanley Gets $5M Fine for Supervisory Failures Involving 83 IPO Shares Sales"},"content":{"rendered":"

\t\t\t\tMorgan Stanley Smith Barney LLC (MS) will pay a $5 million fine for supervisory failures <\/a>involving its advisors soliciting shares in 83 IPOs to retail investors. The Financial Industry Regulatory Authority says that the firm lacked the proper training and procedures to make sure that salespersons knew the difference between “conditional offers” and “indications of interest.”<\/p>\n

By settling, Morgan Stanley is not denying or admitting to the supervisory failures securities charges. It is, however, consenting to the entry of findings by FINRA.<\/p>\n

FINRA believes these issues are related to Morgan Stanley’s acquisition of Smith Barney from Citigroup (C) a couple of years ago. In addition to inheriting more high net worth clients, the SRO contends that Morgan Stanley ended up with financial advisers who might not have gotten the needed training.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Morgan Stanley Smith Barney LLC (MS) will pay a $5 million fine for supervisory failures involving its advisors soliciting shares in 83 IPOs to retail investors. The Financial Industry Regulatory Authority says that the firm lacked the proper training and procedures to make sure that salespersons knew the difference between “conditional offers” and “indications of […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3752,3777,3787,3741],"tags":[],"class_list":["post-1443","post","type-post","status-publish","format-standard","hentry","category-financial-firms","category-inadequate-supervision","category-morgan-stanley","category-securities-fraud"],"yoast_head":"\nMorgan Stanley Gets $5M Fine for Supervisory Failures Involving 83 IPO Shares Sales — Investor Lawyers Blog — May 6, 2014<\/title>\n<meta name=\"description\" content=\"Morgan Stanley Smith Barney LLC (MS) will pay a $5 million fine for supervisory failures involving its advisors soliciting shares in 83 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