Second insider trading case rocks Morgan Stanley

A second insider trading scandal linked to Morgan Stanley, the investment banking giant, has erupted in the US.

A husband and wife were arrested and charged yesterday after allegedly netting nearly $600,000 (£300,000) of illicit profits from shares they bought in a takeover target.

The wife, Xujia “Jennifer” Wang, 31, was a former vice-president in the valuation review group of Morgan Stanley’s finance department.

The husband, Ruopian "Rubin" Chen, was a senior hedge-fund analyst at ING's New York office.

Read Full Article from Times Online

- Posted: 2007-05-11 10:13:14

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