Two years ago, a Morgan Stanley operations executive was caught bilking the firm by processing payments on corporate actions, such as dividends. He was also authorized to request or approve checks from one of the company’s in-house accounts.
Last year, a former Goldman Sachs programmer went to jail after allegedly transferring substantial portions of the firm’s proprietary computer code for its trading platform to a computer server in Germany. He also transferred thousands of computer code files to his home computers.
Register or login for access to this item and much more
All On Wall Street content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access