{"id":4543,"date":"2008-01-02T14:35:20","date_gmt":"2008-01-02T14:35:20","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2008\/01\/two_former_morgan_stanley_advi"},"modified":"2021-09-20T15:40:49","modified_gmt":"2021-09-20T20:40:49","slug":"two-former-morgan-stanley-advi","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/two-former-morgan-stanley-advi\/","title":{"rendered":"Two Former Morgan Stanley Advisers are named in SEC Market Timing Lawsuit"},"content":{"rendered":"

\t\t\t\tThe Securities and Exchange Commission is suing two ex-Morgan Stanley advisers for allegedly circumventing the market timing restrictions of 50 mutual fund companies, and, as a result, allegedly defrauding some 50 mutual fund companies. <\/p>\n

Between January 2002 and August 2003, Former advisers Darryl Goldstein and Christopher O’Donnell earned about $1 million in fees and commissions because of their alleged misconduct. Attorneys for both men say their clients will fight the charges.<\/p>\n

The SEC says that the two men, on more than one occasion, strategically engaged in several deceptive practices, including the opening of several brokerage accounts and trading in them, trading with variable annuity contracts, and using a number of financial advisor identification numbers while trading. The deceptive practices were meant to get around the restrictions that mutual funds had regarding market timing.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

The Securities and Exchange Commission is suing two ex-Morgan Stanley advisers for allegedly circumventing the market timing restrictions of 50 mutual fund companies, and, as a result, allegedly defrauding some 50 mutual fund companies. Between January 2002 and August 2003, Former advisers Darryl Goldstein and Christopher O’Donnell earned about $1 million in fees and commissions […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3749,3787],"tags":[],"class_list":["post-4543","post","type-post","status-publish","format-standard","hentry","category-market-timing","category-morgan-stanley"],"yoast_head":"\nTwo Former Morgan Stanley Advisers are named in SEC Market Timing Lawsuit — Investor Lawyers Blog — January 2, 2008<\/title>\n<meta name=\"description\" content=\"The Securities and Exchange Commission is suing two ex-Morgan Stanley advisers for allegedly circumventing the market timing restrictions of 50 mutual — January 2, 2008\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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