May 12 (Bloomberg) -- Ron Geffner, a partner at Sadis & Goldberg LLP, talks with Bloomberg's Erik Schatzker and Deirdre Bolton about allegations against Morgan Stanley that the bank 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. Chief Executive Officer James Gorman denied the allegations. (Source: Bloomberg)

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