Morgan Stanley Analysts Inappropriately Influenced by Investment Bankers
From at least July 1999 through
June 2001, research analysts at Morgan Stanley were subject to inappropriate
influence by investment banking at the firm. According to the SEC
complaint against Morgan Stanley, "One senior analyst's involvement
in investment banking activities was such that several investment bankers
at the firm regarded the analyst as tantamount to an investment banker."
In his own self-evaluation, this analyst stated "it's notable that
96% of the $205MM in revenue was derived from clients new to the firm
since 1995! And I have been very involved in this business."
Morgan Stanley was part of
securities fraud settlement announced by the SEC and Eliot Spitzer
on April 28, 2003. As part of the settlement, Morgan Stanley has agreed
to pay $25 million as disgorgement and an additional $25 million in
If you have purchased shares
in any of the following stocks from Morgan Stanley, you may have a potential
stock fraud claim. Contact the Consumer Justice
Group immediately for an evaluation of your case.
AT&T Latin America
The Investment & Stock Fraud News is a service of the Consumer Justice Group.