Morgan Stanley dismisses traders linked to concealment of multimillion-dollar loss: Bloomberg

Reuters

Published Nov 28, 2019 12:55PM ET

Morgan Stanley dismisses traders linked to concealment of multimillion-dollar loss: Bloomberg

(Reuters) - Morgan Stanley (N:MS) has fired or placed on leave at least four traders over alleged mismarking of securities that concealed losses of between $100 million and $140 million, Bloomberg reported on Thursday citing people familiar with the matter.

The company is investigating the suspected mismarking that was linked to emerging-market currencies and the traders were based in London and New York, according to the report. (https://bloom.bg/33wcdRI)