Morgan Stanley agreed to pay $5 million in settlement of an Administrative Order alleging multiple violations of securities regulations, including failing to to maintain its records correctly and failing to supervise the activities of its agents and office operations to ensure they were correctly trained in and following securities regulations. For more info visit https://www.finra.org/media-center/news-releases/2014/finra-fines-morgan-stanley-smith-barney-llc-5000000-supervisory