CME Probes Morgan Stanley Director's Treasury Trades

Law360, New York (December 3, 2012, 8:44 PM EST) -- CME Group Inc. is investigating a Morgan Stanley & Co. LLC managing director over certain Treasury futures trades he made while working at Goldman Sachs Group Inc. that reportedly may have manipulated market prices, according to a broker’s report to the Financial Industry Regulatory Authority.

Glenn Hadden, who had previously worked at Goldman Sachs until December 2010 before joining Morgan Stanley in March 2011, is being investigated over certain Treasury futures orders placed in December 2008, according to the report, last updated Sunday, which did not...
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