Morgan Stanley's (MS) Hadden Suspended from CME Trading for 10 Days
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(Updated - May 31, 2013 1:54 PM EDT)
The Chicago Board of Trade said Morgan Stanley (NYSE: MS) trader Edward Glen Hadden has been suspended from CME trading for 10 days starting July 15th. He will also be fined $80,000 stemming from 2008 trading in Treasury futures.
Specific reasoning on the action wasn't mentioned. Hadden was working for Goldman Sachs (NYSE: GS) when the trades were made.
Hadden currently runs rates trading at Morgan Stanley and was hired by the firm in 2011.
Seeing a little bump in volume on the headlines, Morgan Stanley shares are largely unchanged Friday afternoon, up 2.2 percent on the session.
The Chicago Board of Trade said Morgan Stanley (NYSE: MS) trader Edward Glen Hadden has been suspended from CME trading for 10 days starting July 15th. He will also be fined $80,000 stemming from 2008 trading in Treasury futures.
Specific reasoning on the action wasn't mentioned. Hadden was working for Goldman Sachs (NYSE: GS) when the trades were made.
Hadden currently runs rates trading at Morgan Stanley and was hired by the firm in 2011.
Seeing a little bump in volume on the headlines, Morgan Stanley shares are largely unchanged Friday afternoon, up 2.2 percent on the session.
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