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Montevideo, November 22nd 2024 - 07:04 UTC

Tag: James P. Gorman

  • Thursday, May 13th 2010 - 10:41 UTC

    Morgan Stanley Denies Having Misled Investors about Mortgage Derivatives

    CEO James Gorman

    Morgan Stanley (NYSE:MS) CEO James Gorman denied allegations the US bank misled investors about mortgage derivatives it sold them. The firm is being probed by US prosecutors over whether the bank misled clients when it sold them collateralized debt obligations as its own traders bet that the value of the securities would drop, the Wall Street Journal reported Wednesday.