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Labor/Employment

May 27, 2011

Morgan Stanley Labor Case Dismissed

A federal judge sided with Morgan Stanley this week in two separate lawsuits targeting the company's policy of requiring its employees to keep their personal brokerage accounts within the firm.


By Catherine Ho


Daily Journal Staff Writer


A federal judge sided with Morgan Stanley this week in two separate lawsuits targeting the company's policy of requiring employees to keep their personal brokerage accounts within the firm.


Citing the need to prevent insider trading, the decision allows a white-collar labor policy that industry insiders say is commonplace among brokerage firms, many of which currently face lawsuits over the practi...

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