Morgan Stanley named in FCStone saga

Since the disposal was announced, Energy Risk has learned that Morgan Stanley completed the transfer of the account - the value of which was not revealed - in two days after being approached by FCStone, a commodity risk management firm, in early 2009.

FCStone announced in November 2008 that it expected to post a bad debt provision of up to $25m due to losses on an undisclosed customer's energy trading account, for which it provided clearing and execution services. This was increased to between $8

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: