Morgan Stanley

Morgan Stanley (NYSE: MS) is a global financial services firm that provides investment banking, securities, investment management and wealth management services to corporations, governments, institutions and individuals. Morgan Stanley has more than 600 offices in 33 countries. 
== History ==
*Though Morgan Stanley was founded in New York on September 5, 1935, its roots go further back. In the early part of the 20th century, J.P. Morgan founder J. Pierpont Morgan acted as an unofficial central banker helping to reorganize U.S. railroads and pave the way for the creation of companies like General Electric and U.S. Steel. In September 1935, Morgan Stanley was born when Henry S. Morgan and Harold Stanley of J. P. Morgan & Co., along with others from J.P. Morgan & Co, broke from the company. This split of the commercial and investment banks came as a result of the Glass-Steagall Act. Within its first year, Morgan Stanley achieved 24% of market share among public offerings. It joined the New York Stock Exchange in 1942.
*In 1964, Morgan Stanley created the first viable computer model for financial analysis.
*In 1984, the company developed the first Trade Analysis Processing System (TAPS) and formed its prime brokerage group to service hedge fund clients.
*In 1985, Morgan Stanley launched its Fixed Income Division.
*In 1986, Morgan Stanley Group, Inc., became publicly listed. 
*In 1996, Morgan Stanley acquired mutual fund company Van Kampen American Capital.
*On Feb. 5, 1997, the company merged with Dean Witter, and Discover & Co. (a.k.a. Dean Witter Reynolds) the spun-off financial services business of Sears Roebuck. In 2001 the Dean Witter name was dropped and the firm became Morgan Stanley.
*In June 2005, John Mack became the CEO and chairman of the board of Morgan Stanley.
*In 2007, Co-President Zoe Cruz retired from the firm after 25 years of service. John J. Mack, then Morgan Stanley’s CEO, named two executives to succeed her as co-presidents: Walid A. Chammah, the head of European and Middle Eastern operations, and James P. Gorman, then head of retail.
 
*On Dec. 19, 2006, after reporting 4th quarter earnings, Morgan Stanley announced the spinoff of its Discover Card unit.
*On Dec. 19, 2007, Morgan Stanley reported a $9.4-billion writedown from bad investments in mortgage-related debt, leading it to take a $5 billion infusion from an arm of the Chinese government in exchange for securities that would be convertible to 10% of its shares. The writedown, nearly triple what Morgan Stanley warned of in November, pushed the investment house to the first quarterly loss in its 73-year history.
*On Nov. 16, 2011, the SEC filed formal charges against Morgan Stanley Investment Management (MSIM) for violating securities laws in a bad fee arrangement.
*In June of 2013, Morgan Stanley completed the purchase of Citigroup's 35 percent stake in the two firms' Smith Barney brokerage unit, capping a deal, struck in 2009, to combine Smith Barney with Morgan Stanley's Dean Witter brokerage unit. The combined brokerage group operates under the nameMorgan Stanley Wealth Management. 
*In February of 2022, the SEC opened an investigation into Morgan Stanley's block trading practices and whether they tipped off hedge fund clients before large share sales. Others included in the probe are Goldman Sachs and several hedge funds.
*In January 2024, as a result of the regulatory scrutiny of the company's block trading business, Morgan Stanley agreed to pay $249mn to settle a case that looked at whether it leaked confidential information to clients.
*In April 2024, the SEC, the Office of the Comptroller of the Currency, and other Treasury Department offices joined the Federal Reserve in investigating Morgan Stanley over how it vets clients who are at risk of laundering money through the bank’s huge wealth-management division. The Federal Reserve originally started its investigation in November 2023.
== Products and Services ==
*Wealth Management, including wealth planning, investment strategies and private wealth management
*Institutional Services, including trading, investment banking, investment management, prime brokerage, research and consulting
== Key People ==
*James P. Gorman, Executive Chairman 
*Ted Pick, Chief Executive Officer
*Mark Eichorn, Global Co-Head of Investment Banking
*Greg Fleming, President of Morgan Stanley Wealth Management, President of Morgan Stanley Investment Management
*Colm Kelleher, President of Institutional Securities, CEO of Morgan Stanley International
*Thomas Nides, Vice Chairman
== Registration ==
*MORGAN STANLEY & CO INCORPORATED - NFA ID: 0003045
== References ==
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