INVESTMENT COMPANY ACT RELEASE
Morgan Stanley Investment Management Inc., et al.
A notice has been issued giving interested persons until Oct. 28, 2009, to request a hearing on an application filed by Morgan Stanley Investment Management Inc., et al., for an order pursuant to Sections 6(c) and 17(b) of the Investment Company Act for an exemption from Sections 17(a) of the Act; and pursuant to Section 17(d) of the Act and Rule 17d-1 under the Act permitting certain joint arrangements. The order would permit (1) registered investment companies for which certain affiliates of Morgan Stanley act as an adviser to engage in certain securities transactions with certain affiliates of Citigroup Inc. (Citigroup) and (2) registered investment companies for which certain affiliates of Citigroup act as an adviser to engage in certain securities transactions with certain affiliates of Morgan Stanley. (Rel. IC-28941 – October 6)
The law firm of Colling Gilbert Wright & Carter is currently investigating claims against both Morgan Stanley and Salomon Smith Barney (Citigroup Global Markets) for stockbroker negligence and fraud. If you have had an investment account with either of these firms and feel your assets have been mismanaged, please contact our office for a free case evaluation. Thank you.