(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 to pay $249 million to end block trade probes americanbanker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americanbanker.com Daily Mail and Mail on Sunday newspapers.
Morgan Stanley claimed it had the most confidential block trading operation, but prosecutors said it was secretly leaking info to hedge funds to lessen its.