Company Overview of Morgan Stanley & Co. LLC
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
Key Executives for Morgan Stanley & Co. LLC
Head of Clean Energy & Renewables effort and Managing Director of Investment Banking Division
Managing Director of Distressed Research department and Director
Vice President and Financial Adviser of Gig Harbor Office
Compensation as of Fiscal Year 2016.
Morgan Stanley & Co. LLC Key Developments
Morgan Stanley & Co. LLC Agrees to Pay $7.5 million as Settle Charges with Securities and Exchange Commission
Dec 20 16
The Securities and Exchange Commission announced that Morgan Stanley & Co. LLC has agreed to pay $7.5 million to settle charges it used trades involving customer cash to lower the firm's borrowing costs in violation of the SEC's Customer Protection Rule. The Customer Protection Rule is intended to safeguard customers' cash and securities so that they can be promptly returned should the broker-dealer fail. The SEC order finds that from March 2013 to May 2015, Morgan Stanley's U.S. broker-dealer used transactions with an affiliate to reduce the amount it was required to deposit in its customer reserve account. According to the order, the transactions violated the Customer Protection Rule, which prohibits broker-dealers from using affiliates to reduce their customer reserve account deposit requirements. According to the SEC's order, Morgan Stanley had its affiliate, Morgan Stanley Equity Financing Ltd., serve as a customer of its U.S. broker-dealer, a relationship that allowed the affiliate to use margin loans from the U.S. broker-dealer to finance the costs of hedging swap trades with customers. The margin loans lowered the borrowing costs incurred to hedge these swap trades and reduced the U.S. broker-dealer's customer reserve account deposit requirements by tens to hundreds of millions of dollars per day. The SEC order finds that Morgan Stanley's affiliated transactions violated the Customer Protection Rule and that as a result of inaccurately calculating its customer reserve account requirements, it submitted inaccurate reports to the SEC. Morgan Stanley provided substantial cooperation during the SEC's investigation and has agreed to review its compliance with the Customer Protection Rule and to take remedial steps to improve its calculation processes. Morgan Stanley also significantly increased the amount of excess funds it maintains in its customer reserve account. Without admitting or denying the findings, Morgan Stanley agreed to pay a $7.5 million civil penalty, to cease and desist from committing or causing any similar violations in the future, and to be censured.
Experian Seeks Sale Of Email/Cross-Channel Marketing Business
Nov 9 16
Experian plc (LSE:EXPN) is seeking to sell its email/cross-channel marketing business. Chief Executive Officer, Brian Cassin said: "Following a review of strategic options, we are today announcing commencement of a divestment process for the email/cross-channel marketing business." Morgan Stanley & Co. LLC has been appointed as financial advisor for the sale of the email/cross-channel marketing business.
LSB Mulls Options
Nov 3 16
LSB Industries, Inc. (NYSE:LXU) is planning to evaluate alternatives. The company announced that its Board of Directors has initiated a process to explore and evaluate potential strategic alternatives for the company, which may include a sale, a merger with another party, or another strategic transaction involving some or all of the assets of the company. LSB has engaged Morgan Stanley & Co. LLC as its financial advisor to assist in the process.
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