26 Facts About Morgan Stanley


Morgan Stanley is an American multinational investment management and financial services company headquartered at 1585 Broadway in Midtown Manhattan, New York City.

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Morgan Stanley ranked No 61 in the 2021 Fortune 500 list of the largest United States corporations by total revenue.

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Morgan Stanley is a financial services corporation that, through its affiliates and subsidiaries, advises, and originates, trades, manages, and distributes capital for institutions, governments, and individuals.

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Morgan Stanley operates in three business segments: Institutional Securities, Wealth Management, and Investment Management.

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In February 2007, Morgan Stanley announced the end of its Indian joint venture: the bank acquired its local partner's stake in the institutional brokerage business, and sold its own stake in the other businesses.

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In 2009, Morgan Stanley purchased Smith Barney from Citigroup and the new broker-dealer operates under the name Morgan Stanley Smith Barney, the largest wealth management business in the world.

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In November 2013, Morgan Stanley announced that it would invest $1 billion to help improve affordable housing as part of a wider push to encourage investment in efforts that aid economic, social and environmental sustainability.

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In December 2015, it was reported that Morgan Stanley would be cutting around 25 percent of its fixed income jobs before month end.

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In March 2021, Morgan Stanley completed its acquisition of Eaton Vance, a deal announced in October 2020.

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In March 2018, Morgan Stanley acquired Mesa West, a leading U S commercial real estate credit platform, adding to its existing investment strategies and product offerings across real assets and private credit.

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In March 2021, Morgan Stanley completed its acquisition of Eaton Vance, a deal announced in October 2020.

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In 2003, Morgan Stanley agreed to pay $125 million to settle its portion of a $1.

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Morgan Stanley had claimed that the destruction of the firm's email servers in the September 11 attacks in 2001, terrorist attacks on New York's World Trade Center resulted in the loss of all emails before that date.

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In March 2009, FINRA announced Morgan Stanley was to pay more than $7 million for misconduct in the handling of the accounts of 90 Rochester, New York-area retirees.

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Morgan Stanley was charged with secretly acquiring millions of dollars' worth of property investments for himself and a Chinese government official.

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Morgan Stanley agreed to pay a $5 million fine to the Commodity Futures Trading Commission and an additional $1.

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Morgan Stanley made no admission of any wrongdoing; however, the Justice Department commented that they hoped this would "send a message to the banking industry".

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In September 2014, Morgan Stanley agreed to pay $95 million to resolve a lawsuit by the Public Employees' Retirement System of Mississippi and the West Virginia Investment Management Board.

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Morgan Stanley was accused of misleading investors in mortgage-backed securities.

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In May 2015, Morgan Stanley was fined $2 million for short interest reporting and rule violations for more than six years, by FINRA.

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Morgan Stanley agreed to pay the fine without commenting on the charges.

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Morgan Stanley managed tens of millions of dollars, and had made the 2018 Forbes list for top wealth advisors in Oregon.

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Morgan Stanley violated the Bank Secrecy Act over a period of five years.

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In November 2019, Morgan Stanley fired or placed on leave four traders for suspected securities mismarking.

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In May 2020, Morgan Stanley agreed to pay a $5 million penalty to settle allegations made by the SEC that the corporation provided misleading information to some clients in the retail wrap fee programs regarding trade-execution services and transaction costs.

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Position of chief executive was known as president until 1991; the position was not in use between 1961 and 1970 as Morgan Stanley was a partnership during this period.

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