2nd Circ. Won't Narrow Kickback Law In Morgan Stanley Case

Law360, New York (January 28, 2014, 7:11 PM EST) -- The government may pursue kickback charges in the private sector even if the recipient of the money performs some work in exchange, the Second Circuit ruled Tuesday, upholding a former Morgan Stanley & Co. Inc. executive’s conviction for allegedly steering stock-loan business to his family.

A three-judge panel upheld the conviction of Darin DeMizio, the former head of Morgan Stanley’s domestic stock loan desk, who was charged with arranging for stock-loan providers to pay finders’ fees to his brother Craig and father Robert. DeMizio, who received a...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.