Morgan Stanley charged with insider trading

[Ephilant]

this is one to watch.

http://economictimes.indiatimes.com/...w/15321284.cms

Tip of the iceberg stuff...

[C. Flower]

this is one to watch.

http://economictimes.indiatimes.com/...w/15321284.cms

Tip of the iceberg stuff...

I'm not really sure how Morgan Stanley are still around?

Were they not bust and not trading when the Irish Government took them on to advise at the time of the Bank Guarantee ?

Court officials said the prosecution followed an investigation into reports that Morgan Stanley bought shares in Alpha during a period from before the merger talks were made public until shortly after they collapsed. The officials said Alpha's shares gained 33 per cent at the time.

They certainly had some very privileged information when they were advising us back in the autumn of 2008.

[Ephilant]

Through local contacts it is becoming clear that there are also potential links to the take over of Emporiki and a whole host of other Balkan based banks.
"Merger advisor" seems to be a very profitable occupation...

[MPB]

How would private investment banks make any profit if insider trading was not allowed?

Sure the whole global banking system is a rigged market, based entirely on insider information and the ability of money and rumour to move markets.

[DCon]

[/B]They certainly had some very privileged information when they were advising us back in the autumn of 2008.

But I'm sure the "Chinese Walls" between their advisory and trading divisions were effective and there was no mingling of privileged information

[TotalMayhem]

this is one to watch.

A prosecutor has brought misdemeanor charges against Morgan Stanley? Yawn... wake me up when these folks are charged with crimes against humanity.

[disability student]

Quelle, no surprise there as i suspected strongly that the main investment banks may be doing insider trading.. Fiddling Greece'ss books spring to mind which benefited them no end. Also advising Ireland re guarantee was no rocket science as they would make a killing there re 'shorts'.

Heard one ex trader commented that financial markets is rigged especially for the main investment banks as they have all the resources and know how etc.