{"id":6194,"date":"2017-09-05T12:33:10","date_gmt":"2017-09-05T17:33:10","guid":{"rendered":"https:\/\/www.institutionalinvestorsecuritiesblog.com\/?p=1751"},"modified":"2017-09-05T12:33:10","modified_gmt":"2017-09-05T17:33:10","slug":"ex-morgan-stanley-broker-pleads-not-guilty-insider-trading","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/ex-morgan-stanley-broker-pleads-not-guilty-insider-trading\/","title":{"rendered":"Ex-Morgan Stanley Broker Pleads Not Guilty to Insider Trading"},"content":{"rendered":"

\t\t\t\tMichael Siva, a former Morgan Stanley broker (MS)<\/a>, has pleaded not guilty to criminal charges accusing him of insider trading. Siva is one of several people charged over their alleged participation in a group of \u201ctipping chains\u201d and trading on tips about upcoming acquisitions and mergers. The information was provided by Bank of America (BAC)<\/a> consultant Daniel Rivas. Siva is said to have gotten the tips from the James Moodhe, who is the father of Rivas\u2019 girlfriend.<\/p>\n

Rivas and Moodhe have both pleaded guilty to the criminal charges accusing them of insider trading. They are cooperating with the government\u2019s probe.<\/p>\n

Moodhe is said to have shared Rivas\u2019s tips with Siva from at least 2015 up through earlier this year. Siva allegedly used the information so he could make successful trades for clients as well as for himself. Moodhe and Siva allegedly met at eating places outside NYC during which time the former would read details about upcoming deals to Siva, including the value of the deals and when news about them was expected to go public. The two men allegedly made over $3M trading prior to and after the announcement of the deals.
\n Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Michael Siva, a former Morgan Stanley broker (MS), has pleaded not guilty to criminal charges accusing him of insider trading. Siva is one of several people charged over their alleged participation in a group of \u201ctipping chains\u201d and trading on tips about upcoming acquisitions and mergers. The information was provided by Bank of America (BAC) […]<\/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":[3751,3752,3811,3787,3760,3795,3761],"tags":[],"class_list":["post-6194","post","type-post","status-publish","format-standard","hentry","category-bank-of-america","category-financial-firms","category-insider-trading","category-morgan-stanley","category-sec-enforcement","category-sec-settlements","category-securities-and-exchange-commis"],"yoast_head":"\nEx-Morgan Stanley Broker Pleads Not Guilty to Insider Trading — Investor Lawyers Blog — September 5, 2017<\/title>\n<meta name=\"description\" content=\"A former Morgan Stanley broker (MS), Michael Siva, has pleaded not guilty to criminal charges accusing him of insider trading.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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