February 28, 2017 7:42 AM ET

Capital Markets

Company Overview of Morgan Stanley & Co. LLC

Company Overview

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.

1585 Broadway

New York, NY 10036-8293

United States

Founded in 1969

Phone:

212-761-4000

Key Executives for Morgan Stanley & Co. LLC

Chief Financial Officer
Head of Clean Energy & Renewables effort and Managing Director of Investment Banking Division
Managing Director of Distressed Research department and Director
Age: 46
Managing 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

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

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

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.

Similar Private Companies By Industry

Company Name Region
@Visory LLC United States
1 Road Partners LLC United States
11T Partners, LLC United States
123Jump.com, Inc. United States
1509225 Ontario, Inc. United States

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
The Advertising Council, Inc. United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Morgan Stanley & Co. LLC, please visit --. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.