Morgan Stanley’s Hadden Barred From CME Trading for 10 Days
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Morgan Stanley’s head of interest-rates trading, Glenn Hadden, was suspended from accessing all CME Group Inc. trading floors for 10 days to resolve claims tied to his 2008 transactions in Treasury futures.
The sanctions, including an $80,000 fine, stem from Hadden’s handling of trades while at Goldman Sachs Group Inc., according to a statement today from the Chicago Board of Trade. New York-based Goldman Sachs also was fined $875,000 for failing to supervise employees, the CBOT said.