Securities Broker Faces Insider-Trading Probe Tied to Morgan Stanley Deals – WSJ

In a subpoena issued last month, prosecutors sought records related to Spartan Capital Securities broker Jordan Meadow and his communications with five people, including a former Morgan Stanley employee, about potential M&A deals. The subpoena, reviewed by The Wall Street Journal, said the Manhattan U.S. attorney’s office was investigating possible insider trading, securities fraud and other offenses.

Prosecutors are investigating whether Meadow accessed a former Morgan Stanley executive assistant’s email account to gain confidential information about those deals, one of the people familiar with the matter said. Morgan Stanley hasn’t been accused of wrongdoing.

Source: Securities Broker Faces Insider-Trading Probe Tied to Morgan Stanley Deals – WSJ