Morgan Stanley’s Hong Kong Operations’ Compliance Systems “Inefficient”, Says Lawyer
28 Jul 2009
Morgan Stanley’s Hong Kong operations faced a stern dressing down this month as a result of the alleged inadequacy of their internal compliance systems. During a recent insider trading court case involving former Morgan Stanley managing director Du Jun, the prosecution accused the bank of running a compliance system that was “hopelessly inadequate” for the purposes of tracking trading practices.
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