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Morgan Stanley to Pay $249 Million in Block Trading Investigation
Posted inDecisions and Verdicts Deferred Prosecution Agreements Ethics and Official Misconduct Morgan Stanley Prosecutorial Misconduct Stocks and Bonds

Morgan Stanley to Pay $249 Million in Block Trading Investigation

Federal prosecutors found at least one employee at the Wall Street firm had committed deceptive practices in handling trades of large blocks of stock from 2018 to 2021.
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Posted by By Matthew Goldstein
Byron Wien, Wall Street Seer of the Unexpected, Dies at 90
Posted inBlackstone Group, The Deaths (Obituaries) Investing Morgan Stanley Pequot Capital Management Private Equity Ten Surprises Wien, Byron

Byron Wien, Wall Street Seer of the Unexpected, Dies at 90

A widely read financial analyst, he was known for his annual forecast “Ten Surprises.” But he was fallible, as when he predicted a President Hillary Clinton.
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Posted by By Trip Gabriel
Tissot Says Youth-Oriented Marketing Has Paid Off
Posted inAdvertising and Marketing Dolla, Sylvain Le Locle, Switzerland Morgan Stanley Muller, Oliver Swatch Group Tissot SA Watches and Clocks

Tissot Says Youth-Oriented Marketing Has Paid Off

The company does not disclose sales, but its chief executive maintains that sporty designs and a video blitz have helped double-digit growth this year.
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Posted by By CfotoFuture Publishing via Getty Images
Morgan Stanley’s Post-Gorman Era Begins
Posted inBanking and Financial Institutions Gorman, James internal-storyline-no Morgan Stanley Pick, Edward (Ted) Saperstein, Andy Simkowitz, Daniel

Morgan Stanley’s Post-Gorman Era Begins

Wall Street’s most closely watched succession saga ended with the selection of Ted Pick as the bank’s next leader. But he now must keep the momentum going.
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Posted by By Andrew Ross Sorkin Bernhard Warner Sarah Kessler Michael J.

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