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Morgan Stanley Banker Put on Leave as Block-Trade Probe Heats Up

  • Charles Leisure was a part of equity syndicate desk at bank
  • Authorities increased inquiries tied to probe in recent weeks
Bloomberg business news
Morgan Stanley in Focus as Block-Trade Probe Heats Up
Updated on

Another Morgan Stanley executive whose communications were sought in a US probe into how Wall Street handles big stock trades has been placed on leave, amid a flurry of behind-the-scenes activity in the investigation. 

Charles Leisure, an executive director who worked on the New York-based bank’s equity syndicate desk, was put on leave this week, people with direct knowledge of the matter said, asking not to be named because the information isn’t public. He was part of a team that handled block trades -- deals that have been facing scrutiny from federal prosecutors in the Southern District of New York and the US Securities and Exchange Commission