| Morgan Stanley Neglected Warnings on Broker
The New York Times, August 21, 2016 Sunday
A troubling call came in to Morgan Stanley's internal hotline in May 2010. One of the company's top financial advisers in Mississippi, Steve Wyatt, was struggling with medications and was ''not sleeping, coming in 3 and 4 a.m.,'' his assistant said on the call, according to notes taken by the person who answered the phone. Mr. Wyatt, a broker, was also trading client money ''erratically,'' the assistant said. Morgan Stanley is one of the top banks on Wall Street, operating one of the most...