Morgan Stanley & Co. LLC is a boutique investment banking firm that offers financial advisory and security brokerage services. The firm was founded in 1969 and is based in New York, New York. Morgan Stanley & Co. LLC operates as a subsidiary of Morgan Stanley Domestic Holdings, Inc.
New York, NY 10036-8293
Founded in 1969
Unilife Announces Review of Strategic Alternatives
Sep 2 15
Unilife Corporation announced that in response to third-party initiated expressions of interest, the Company's Board of Directors has engaged Morgan Stanley & Co. LLC to conduct a review of strategic alternatives to maximize shareholder value. Potential strategic alternatives to be explored and evaluated during the review process may include a possible sale of the Company, a strategic partnership with one or more parties or the licensing of some of the Company's proprietary technologies. The Unilife Board of Directors will not provide any commitment regarding when or if this strategic review process will result in any type of transaction, and no assurance can be given that the Company will determine to pursue a potential sale, strategic partnership or licensing arrangement.
Unilife Corporation Hires Morgan Stanley To Consider Strategic Options
Sep 2 15
Unilife Corporation (ASX:UNS) has engaged Morgan Stanley & Co. LLC to conduct a review of strategic alternatives to maximize shareholder value, in response to third-party initiated expressions of interest. Potential strategic alternatives to be explored and evaluated during the review process may include a possible sale of the company, a strategic partnership with one or more parties or the licensing of some of the company's proprietary technologies.
Commodity Futures Trading Commission Orders Morgan Stanley & Co. LLC to Pay a $300,000 Civil Monetary Penalty for Violations of Customer Protection Rule for Cleared Swaps
Aug 6 15
The U.S. Commodity Futures Trading Commission issued an Order requiring Morgan Stanley and Co. LLC to pay a $300,000 civil monetary penalty for failing to hold sufficient U.S. Dollars in segregated accounts in the United States to meet all of its U.S. Dollar obligations to cleared swaps customers. The Order also finds that the firm failed to implement adequate procedures and requires Morgan Stanley to cease and desist from violating CFTC Regulations, as charged. As in the Order, on numerous days from March 12, 2013 to March 7, 2014, Morgan Stanley failed to hold sufficient U.S. Dollars in segregated accounts in the United States to meet all U.S. Dollar obligations to the firm's cleared swaps customers, in violation of CFTC Regulation 22.9. On those days, Morgan Stanley held the amount of the U.S. Dollar deficits in Euros and other currencies, rather than in U.S. Dollars, according to the Order. Because Morgan Stanley held the amount of the U.S. Dollar deficits in other currencies, it did not have a shortfall in overall cleared swaps customer collateral. As the Order finds, however, the size of Morgan Stanley's U.S. Dollar deficits ranged from approximately $5 million to approximately $265 million, at times representing more than 10% of the amount that the firm was obligated to maintain in U.S. Dollars for cleared swaps customers. Additionally, the Order finds that from November 8, 2012 to on or about April 8, 2014, Morgan Stanley did not have in place adequate procedures to comply with the currency denomination requirements for cleared swaps customer collateral and did not train and supervise its personnel to ensure compliance with CFTC Regulation 22.9. Morgan Stanley thereby failed to supervise diligently its officers, employees, and agents and did not have sufficient procedures in place to detect and deter the violations found herein, in violation of Regulation 166.3, the Order finds. The Order recognizes that Morgan Stanley promptly reported the deficiencies to the CFTC, implemented corrective procedures, and cooperated with the CFTC's Division of Enforcement in its investigation.