Error while installing: "The following error occurred while Reading settings" (4235263)

While trying to install MessageStats you the following error is shown and after click OK the installation rolls back:

"The following error occurred while Reading settings:
Invalid value for registry.
Please refer to the file <installDrive>\Program Files (x86)|Quest Software\MessageStats\QMSMigrationLog.XML for details"

In addition, the following errors may be shown:

"The following error occurred while "Registering Remote Server": Invalid value for registry"

"The following error occurred while "Unregistering Remote Server": Invalid value for registry"

The DCOM permissions are incorrect.

Confirm the DCOM permissions are correct on the MessageStats server and try the installation again:

1. Click Start | Run
2. Type dcomcnfg and hit enter
3. Expand Component Services | Computers
4. Right click My Computer and select Properties
5. Select the COM Security tab
6. Under Access Permissions click Edit Default
7. Confirm the local Administrators group has all permissions
8. Click cancel
9. Under Launch and Activation permissions click Edit Default
10. Confirm the local Administrators group has all permissions
11. Confirm the MessageStats service account is a member of the local Administrators group