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Morgan Stanley Terminates Forex Traders Amid Probe Over Concealed Losses: Report

Morgan Stanley (MS) terminated or placed on leave at least four traders over an alleged mismarking of securities that concealed losses of between $100 million and $140 million, Bloomberg reported citing people with the matter.

The company is investigating the suspected mis-marking, which was linked to emerging-market currencies.

The traders who have been identified as part of the probe include Scott Eisner and Rodrigo Jolig, both based in London, and two senior New York-based colleagues, Thiago Melzer and Mitchell Nadel, the report said.

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