Landmark Legal Precedent For Budding Frauds - Dealbreaker

Landmark Legal Precedent For Budding Frauds

Author:
Updated:
Original:

"Eric is pleased with the result," said Zachary Johnson, a lawyer representing the Morgan Stanley broker convicted of securities fraud said of the decision by FINRA that allowed his client to keep his multi-million dollar signing bonus. A testy Morgan Stanley was apparently less pleased.

“We are obviously disappointed with the result, but the fact of the matter is that once the arbitration panel rules, there are not many other options for us to pursue,” said Morgan Stanley spokeswoman Christine Pollak.

Two Brokers Convicted Of Fraud Can Keep Bonuses [Bloomberg]

Related

Deutsche Bank Can't Stop, Won't Stop Paying Paying Legal Fees For Fraud

If it's a day ending in 'y,' the German bank is forking over money related to an employee's elastic view of the law.

Neighborhood Watch: Hedge Fund Manager's Reputation (For Backyard Sex Parties) Precedes Him

Marc Leder's new neighbors are already gearing up to be scandalized.