(Bloomberg) -- A fired Morgan Stanley financial advisor accused of stealing client data never intended to sell the information and "is extremely sorry for his conduct," his lawyer said.

Galen Marsh, 30, "acknowledged that he should not have obtained the account information and has been cooperating with Morgan Stanley to protect the firm and its customers," his lawyer, Robert C. Gottlieb of Gottlieb & Gordon LLP, said today in a phone interview.

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