Morgan Stanley has been fined $249m after an employee leaked plans by clients to sell shares in companies they held.
In April 2021, Oaktree Capital Management contacted the investment bank regarding a possible sale of a large stake in Star Bulk Carriers, according to case documents cited by Bloomberg.
That information was passed on by Pawan Passi, who worked for the equities unit at Morgan Stanley, to the founder and head of an investment firm.
