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Former Morgan Stanley banker fined for sharing non-public OCC info

Salt Lake City, UT
09/30/2019
Fine Amount: 
$7,500
Penalty Type: 
Issued by: 

Amie Dorman, formerly an institution-affiliated party of Morgan Stanley Private Bank, N.A. and Morgan Stanley Bank, N.A. (Salt Lake City, UT, and Purchase, NY, respectively), was issued a consent order for the payment of a $7,500 civil money penalty by the Office of the Comptroller of the Currency.

The Comptroller found, and Dorman neither admits nor denies, that:

  • Dorman served as Executive Director of the Global Regulatory Relations Group from approximately September 2014 to August 2017. In her role as Executive Director, Morgan Stanley regularly provided Dorman with access to documents concerning the banks containing “non-public OCC information,” as that term is defined in 12 C.F.R. § 4.32(b). Upon her departure from Morgan Stanley in 2017, Dorman retained confidential Morgan Stanley documents, of which at least 18 contained non-public OCC information regarding one or both Banks. Respondent’s retention of the documents containing non-public OCC information
    violated 12 C.F.R. § 4.36(d).
  • Soon after leaving Morgan Stanley, Dorman was employed by another financial institution. There, she utilized documents containing non-public OCC information and kept the documents unsecured in her office, thereby disclosing them. Her use and disclosure of the documents containing non-public OCC information without prior written permission of the OCC violated 12 C.F.R. § 4.36(d).

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