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SEC, Former Trader Strike Deal In Fraud Case

Law360 (January 14, 2009, 12:00 AM EST) -- After pleading guilty in relation to an alleged kickback and fraud scheme, a former Morgan Stanley stock-loan trader has reached an agreement in an administrative proceeding with the U.S. Securities and Exchange Commission.

In an order Tuesday, the SEC accepted the offer from Peter Sherlock, under which he would be barred from associating with brokers and dealers under the Securities Exchange Act.

Sherlock did not admit or deny any wrongdoing as part of the agreement.

Sherlock pled guilty in March 2008 to one count of conspiracy...
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