Morgan Stanley & Co. LLC (CRD #8209, New York, New York) recently submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $40,000.
Without admitting or denying the findings, the firm consented to the described sanctions and to the entry of findings that in connection with transactions involving the purchase of a municipal gas bond, the firm failed to disclose to customers certain prior ratings information related to that security at or before the time of purchase.
This information which is publicly available on FINRA’s website has been provided by The White Law Group, LLC.
If you have questions about investments you made with Morgan Stanley, the securities attorneys of The White Law Group may be able to help. To speak with a securities attorney, please call the firm’s Chicago office at 312/238-9650.
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