Free Site Registration

Former Morgan Stanley Trader Barred for Bogus Swaps

June 2, 2011
Chris Kentouris

The SEC has fined a former trader at Morgan Stanley $150,000 and barred him from the securities industry for two years after he fooled its risk management system with bogus equity swap deals. His firm lost more than $24 million.

Get access to this article and thousands more...

All articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, and conference discounts. Qualified members may also choose to receive our our e-newsletters covering the latest breaking news, opinions from industry leaders, developing trends and topics that matter to the effective operation of capital markets.

Already Registered?