FT News Briefing Morgan Stanley beefs up block trade supervision
Aug 30, 2022
Morgan Stanley is ramping up oversight of its block trading desk to address regulatory pressures following recent scandals. Airlines are preparing for a challenging winter as economic concerns loom. In UK politics, Liz Truss signals a tough approach with US officials but is expected to maintain strong UK-US relations. On the investment front, notable partnerships form as the New York Yankees and LA fund team up with AC Milan, showcasing a blend of sports and finance.
AI Snips
Chapters
Transcript
Episode notes
Morgan Stanley's Block Trading Probe
- Morgan Stanley faces a federal investigation for block trading practices.
- They appointed an internal lawyer to increase supervision, showing the seriousness of the situation.
Archegos Collapse and Increased Scrutiny
- The SEC's investigation gained momentum after the Archegos Capital Management collapse.
- Increased scrutiny on block trading involves the Department of Justice.
Block Trading and Investor Protection
- Block trades involve large share volumes, often bought by hedge funds.
- Regulators aim to protect everyday investors from market manipulation.