Relevant:
- Goldman Trader Hid $8.3 BILLION Trading Position, Caused Loss Of More Than $100 Million
- Ex-Goldman trader Taylor pleads guilty to wire fraud
- Edward Glenn Hadden, Morgan Stanley Trader, Facing Probe Over Trades He Made While At Goldman
- Wall Street Seeing Goldman in Rare Reversal With Morgan Stanley
- Morgan Stanley, Goldman shares sink as fear spreads
2012-11-12 — bloomberg.com
It took Matthew Marshall Taylor less than three months to land a job at Morgan Stanley (MS) after Goldman Sachs Group Inc. (GS) disclosed in a public filing that he had been fired for building an "inappropriately large" proprietary trading position.
Taylor was accused Nov. 8 by the U.S. Commodity Futures Trading Commission of concealing an $8.3 billion position in 2007 that caused Goldman Sachs to lose $118 million.
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