Singer Discusses Morgan Stanley's Mortgage Derivatives: Video

May 12 (Bloomberg) -- Bill Singer, partner at Stark & Stark, talks with Bloomberg's Erik Schatzke...  More »

May 12 (Bloomberg) -- Bill Singer, partner at Stark & Stark, talks with Bloomberg's Erik Schatzker about allegations that Morgan Stanley misled investors about mortgage derivatives it sold them.¶ The firm is being probed by U.S. prosecutors over whether the bank misled clients when it sold them collateralized debt obligations as its own traders bet that the value of the securities would drop, the Wall Street Journal reported today. Morgan Stanley Chief Executive Officer James Gorman denied the allegations. (Source: Bloomberg)  « Less