A US banking giant has agreed to pay a quarter of a billion dollars for promising confidentiality to clients – and revealing their information to gain a…
The Securities and Exchange Commission charged Morgan Stanley and the former head of its equity syndicate desk, Pawan Passi, with fraud spanning multiple years. The SEC says US$ 100 million in undeserved profits were earned due to the misuse of information. The SEC alleges the disclosure of confidential information about the sale of large quantities…
(Bloomberg) Just after lunch on a Tuesday in March 2019, a top-ranking Blackstone Inc. executive emailed Morgan Stanley’s Pawan Passi, seeking help to start exiting one of the investing giant’s most lucrative real estate bets ever.Most Read from BloombergIowa Latest: Haley Unveils New Ad, Looking to New HampshireTrump Scores Easy Win in Iowa With DeSantis a Distant SecondUS Merchant Vessel Struck as Shippers Told to Avoid Red SeaWhat Is Disease X? How Scientists Are Preparing for the Next Pan
Morgan Stanley is close to an agreement to pay $200 million to $300 million to resolve a yearslong US investigation into its employees' handling of stock