The Securities Division of the Office of the Secretary of State began an extensive investigation into investment firm Morgan Stanley Smith Barney after customer complaints at the Ridgeland branch office. The Morgan Stanley Consent Order cited a violation of the Mississippi’s Securities regulations. Over 4.2 million dollars will be returned to investors. Including fees and reimbursements to the Division, the total settlement reaches 4.7 million dollars. http://www.sos.ms.gov/About/Pages/Press-Release.aspx?pr=710
Mississippi – Settlement Reached with Morgan Stanley