Businessweek

subject to net capital requirements of, and their activities are regulated by, the U.S. Commodity Futures Trading Commission and various commodity futures exchanges. The company’s futures and options-on-futures also are regulated by the National Futures Association, a registered futures association, of which MS&Co. and MSSB LLC and certain of their affiliates are members. Asset Management The company’s Asset Management business is regulated outside the U.S. The FSA regulates the company’s business in the U.K.; the Financial Services Agency regulates the company’s business in Japan; the Securities and Exchange Board of India regulates the company’s business in India; and the Monetary Authority of Singapore regulates the company’s business in Singapore. Anti-Corruption The company is subject to applicable anti-corruption laws, such as the U.S. Foreign Corrupt Practices Act and the U.K. Bribery Act, in the jurisdictions in which it operates. Protection of Client Information Many aspects of the company’s business are subject to legal requirements concerning the use and protection of certain customer information, including those adopted pursuant to the Gramm-Leach-Bliley Act and the Fair and Accurate Credit Transactions Act of 2003 in the U.S., the E.U. Data Protection Directive and various laws in Asia, including the Japanese Personal Information (Protection) Law, the Hong Kong Personal Data (Protection) Ordinance and the Australian Privacy Act. Compensation Practices and Other Regulation The company’s compensation practices are subject to oversight by the Federal Reserve. The company is subject to the compensation-related provisions of the Dodd-Frank Act, which may impact its compensation practices. History Morgan Stanley was founded in 1935. The company was incorporated under the laws of the state of Delaware in 1981.