The SEC also accused Morgan Stanley of failing to enforce information barriers to prevent the disclosure of material non-public information from the equity syndicate desk to a trading division on the public side of the firm, hindering scrutiny of trades based on confidential information. Charges for Morgan Stanley under Exchange Act Sections 10(b), 15(g), and Rule 10b-5(b). Remedies include censures, $138m in disgorgement, $28m in prejudgment interest, and $83m in civil penalties. In parallel action by the U.S. Attorney's Office for the Southern District of New York, the SEC's ordered disgorgement and prejudgment interest for Morgan Stanley will be deemed partially satisfied by the forfeiture and restitution paid by the firm pursuant to its criminal resolution. Remedies against the former head of Morgan Stanley's equity syndicate desk include $250k civil penalty and associational, penny stock, and supervisory bars.