Ex-Morgan Stanley adviser pleads guilty over data: 'I was using it to be better at my job'


A fired Morgan Stanley financial adviser who downloaded client data to a home server pleaded guilty to accessing the bank’s computer network without permission.

Bloomberg News reports that Galen Marsh, 31, transferred confidential information on 730,000 customers to a private server in his Hoboken, New Jersey, home from June 2011 to December 2014, according to prosecutors. Account information about 900 clients was found on an external website, Morgan Stanley said in January.

'I was using it to be better at my job', Marsh told U.S. District Judge Kevin Duffy in Manhattan Monday. 'But I wasn’t trying to sell it or make money with it or anything like that'.

Marsh didn’t post the information online or share it with anyone, defence lawyer Robert C. Gottlieb has previously said. The data was promptly removed from the external site, the bank has said.

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

Ex-Morgan Stanley Adviser Pleads Guilty to Taking Bank Data

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