Former Morgan Stanley advisor goes to prison

By Staff | August 17, 2012 | Last updated on August 17, 2012
1 min read

A former Morgan Stanley adviser has been handed a nine-month prison sentence for conspiring to evade the bank’s internal controls, reports Financial Times.

Garth Peterson—an American who worked at Morgan Stanley’s Shanghai real estate office—was sentenced on Thursday in New York. He bribed a Chinese official to gain profitable real estate investments for both the bank and himself.

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Ex Morgan Stanley director faces prison

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Advisor.ca staff

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.