NEW YORK (CNN/Money) - Morgan Stanley will be the target of the first sexual discrimination case brought by the Equal Employment Opportunity Commission against a Wall Street firm when the trial begins Wednesday, according to a published report.

The agency alleges that the investment bank systematically discriminated against hundreds of female employees in its institutional-equities division by denying promotions and raises, and tolerating inappropriate sexual conduct, the Wall Street Journal reported.

Morgan Stanley declined to comment on any of the specific charges, but it denies discriminating against women. The company "is committed to providing a workplace for its employees that is free from discrimination of any kind," a spokeswoman told the newspaper.

The case follows the highly publicized sexual discrimination case against Smith Barney, known as the Boom-Boom Room case, where male employees denied promotions to women, used sexual slurs and held office events featuring strippers and pornographic movies, according to the Journal.