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Morgan Stanley Relationships on Wall Street Snared in Probe

  • DOJ seeks info on executives at Citadel, Element and others
  • Names show probe’s scope but don’t indicate they’re targets
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Morgan Stanley Relationships Snared in Block Trade Probe
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Ever since his arrival after university in 2004, Pawan Passi has worked the phones inside Morgan Stanley, rising to become a chief communicator with investors buying and selling big blocks of stock, a business the bank dominates on Wall Street.

Then in November, his chair suddenly went empty at Morgan Stanley’s headquarters overlooking Times Square, and the whispers began spreading. The bank had put Passi on leave. The feds were poking around.