Morgan Stanley examining potential role of hackers in client data probe

Morgan Stanley building

A U.S. probe into how Morgan Stanley client information ended up for sale on the Internet is examining whether a financial adviser was targeted by hackers after he took data from the bank, two people briefed on the inquiry said.

Bloomberg News reports that while Galen Marsh was dismissed for obtaining information on as many as 350,000 wealth-management clients, his lawyer said last month that the 30-year-old financial adviser didn’t seek to sell or use it for personal gain.

US federal investigators are trying to determine whether his computer was breached after he removed data from the firm, the people said. There’s no evidence Morgan Stanley’s own computers were hacked, said one of the people, who’s familiar with the company’s review.

'Right from the beginning, we have stated very clearly, that Mr. Marsh had nothing to do with any information being posted on the Internet', Marsh’s lawyer, Robert C. Gottlieb of Gottlieb & Gordon LLP, said Wednesday in a phone interview.

To access the complete Bloomberg News article hit the link below:

Morgan Stanley Probe Said to Examine If Adviser Hacked

The Next Bernie Madoff? Richard Dreyfuss, Maybe Robert De Niro

JefferiesAnd the Best Place to Work in the global financial markets 2016 is...

Register for Financial Markets News Alerts