"Morgan Stanley MD Pawan Passi's $2.5m Bonus and U.S. Trading Fraud Settlement"
Pawan Passi, a former managing director at Morgan Stanley, has been charged with fraud and fined $250k by the SEC for deliberately leaking information about impending block trades to investors to help them profit, while lying to colleagues in the process. It's alleged that Passi earned over $2.5m a year in bonuses, with $7.4m in bonus compensation clawed back by the bank. Morgan Stanley declined to comment on Passi's pay, and Passi's lawyer didn't respond to a request to comment.