Accused Rajaratnam Tipster Fired By Morgan Stanley

Oct 7 2011 | 11:07am ET

A Morgan Stanley banker identified as a source of insider information during Galleon Group founder Raj Rajaratnam's trial earlier this year has been fired.

Kamal Ahmed was let go in May, two months after his name surfaced at Rajaratnam's trial. Morgan Stanley said that Ahmed, who worked in California, was found to have violated its disclosure policies following an internal investigation, the Financial Times reports.

Ahmed was fingered by former Galleon portfolio manager Adam Smith, who testified against Rajaratnam. Smith said he had received confidential information about several companies from Ahmed that he passed along to his boss.

Ahmed has not been charged with any wrongdoing by the authorities.


In Depth

U.S. Treasury Moves on Reinsurance Loophole

Apr 24 2015 | 5:11pm ET

The U.S. Treasury Department has released proposed rules aimed at limiting the ability...

Lifestyle

Artivest Announces Funding Round Led by KKR & Co.

May 4 2015 | 9:56am ET

Artivest, a startup that provides individual investors with access to private equity...

Guest Contributor

Starting a ‘40 Act Fund Family? Don’t Forget Your Board

Apr 30 2015 | 7:18am ET

The convergence of the hedge fund and mutual fund worlds continues unabated, as...

 

Editor's Note