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Investigations Feds Probing Morgan Stanley Deals Richard Drew / AP Photo

Feds Probing Morgan Stanley Deals

Plenty of room alongside Goldman Sachs in the doghouse: Federal prosecutors are investigating Morgan Stanley for possibly misleading investors about mortgage-backed derivatives it helped to design. Traders at the bank bet against investment instruments that the bank had sold to investors. The Wall Street Journal says, “The probe is at a preliminary stage.”

May 12, 2010 1:53 AM