On August 23, 2018, FINRA announced that Morgan Stanley & Co., LLC submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $1,100,000. Without admitting or denying the findings, the firm consented to the sanctions and to the entry of findings that it failed to establish risk management controls and supervisory procedures reasonably designed to prevent the entry of orders that exceeded pre-set credit thresholds.
Questions or comments may be addressed to David A. Weintraub, P.A. 7805 SW 6th Court, Plantation, FL 33324. By phone: 954.693.7577 or 800.718.1422.