SEC Charges Morgan Stanley With Failure To Maintain And Enforce Policies To Prevent Misuse of Inside Information

SEC Charges Morgan Stanley With Failure To Maintain And Enforce Policies To Prevent Misuse of Inside Information: "The Securities and Exchange Commission announced today the institution and simultaneous settlement of an enforcement action against Morgan Stanley & Co. Incorporated and Morgan Stanley DW Inc. (Morgan Stanley). Despite the legal requirements to do so, Morgan Stanley for years failed to maintain and enforce adequate written policies and procedures to prevent the misuse of material nonpublic information, commonly referred to as inside information."