South Korea has imposed fines on JPMorgan, Nomura, UBS, and Morgan Stanley for violations related to short selling. Morgan Stanley's income is divided into investment and finance banking (45%), asset management (45%), and wealth management (10%), with $1,459 billion in assets under management as of the end of 2023. Geographically, revenue distribution is 76.9% from the Americas, 11.9% from Asia, and 11.2% from Europe, the Middle East, and Africa.