M. Stanley CEO: no knowledge of U.S. investigation

TOKYO, May 12 (BestGrowthStock) – Morgan Stanley (MS.N: ) (Read more about the money market today. ) Chief
Executive James Gorman said he had no knowledge of any U.S.
federal investigation into the Wall Street firm as was reported
by media.

“We have not been contacted by the Justice Department,” he
said at a joint news conference with Mitsubishi UFJ Financial
Group (8306.T: ) in Tokyo.

“We have no knowledge whatsoever about the Justice Department
investigation,” Gorman said.

The Wall Street Journal reported U.S. federal investigators
are probing whether Morgan Stanley misled investors about
mortgage derivative products it helped create and sometimes bet
against. [ID:nSGE64B05F]

Stock Investing
(Reporting by Junko Fujita and Taiga Uranaka; Editing by Nathan
Layne)

M. Stanley CEO: no knowledge of U.S. investigation