Wednesday, December 20, 2006

Morgan Stanley charged with using '9/11 smokescreen' to hide e-mails

In a disciplinary complaint, the National Association of Securities Dealers (NASD) alleges that Morgan Stanley used a "9/11 smokescreen" to hide e-mails sought by angry claimants in numerous arbitration proceedings from October 2001 through March 2005.
The securities industry's self-regulating arm accuses Morgan Stanley of "falsely claiming that millions of emails it possessed had been lost in the Sept. 11, 2001 terrorist attacks on the World Trade Center in New York, where its email servers were housed."
"In fact, according to the complaint, Morgan Stanley possessed millions of pre-September 11 emails that had been restored to its system shortly after September 11 using back-up tapes," stated an NASD press release obtained by RAW STORY. "Many other emails were maintained on individual users’ computers and were therefore never affected by the attacks, yet Morgan Stanley often failed to search those computers when responding to requests."

http://www.rawstory.com/news/2006/Morgan_Stanley_charged_with_using_911_1220.html

1 comment:

airJackie said...

So much has been revealed and more to come.
SPB this message is to my friend:

A young man who is like a son to me needs to know this. Sometimes you have to know when it's time to leave. Once you've reached the top others will brake you down in it. When you win the big game move on to higher challenges. Fear is the only thing to stop you, be brave and don't be afraid of the future. Build on what you've done and open the door and walk out to the new advantage waiting. If you let fear stop you they will brake you down until no one remembers you anymore. As wise lady say pick up the phone and call there most of been a mistake. I'm hear to tell you to open the door after the win and walk tall and straight so those who don't like you will know you can go even higher.
I hope you understand this and prepare for the move it will bring you much happiness and you'll enjoy what you do again. I really didn't know how to say this but I knew you'd read it. Your heart is good but it's time to move on to bigger and better things. Don't be afraid it's like the call just think what if the wise lady hadn't told you to call your life would be different. Please be strong and move on as your friends before you have done. It'll be great.