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Traffic blocked for Highway 42 northbound at I-43 intersection due to tipped tanker truck

TOWN OF SHEBOYGAN, WI (WHBL) -  Traffic is closed to part of the I-43/Highway 42 intersection due to a tipped tanker truck at one of the roundabouts. The incident occurred around 9:45 this morning on the south roundabout, the one closer to Texas Roadhouse and Hardees.  Sheboygan County Sheriff's Sgt. Doug Tuttle said the situation is not hazardous and no major leakage from the tanker is taking place. For now, all traffic on Highway 42 towards Howards Grove at the roundabout is clo...

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Morgan Stanley trader probed over trades made while at Goldman

The headquarters of Morgan Stanley is seen in New York June 1, 2012. REUTERS/Eric Thayer
The headquarters of Morgan Stanley is seen in New York June 1, 2012. REUTERS/Eric Thayer

(Reuters) - Morgan Stanley trader Edward Glenn Hadden is under investigation by regulators at CME Group over trades in Treasury futures four years ago while he was employed by Goldman Sachs, according to a regulatory filing.

Hadden is a managing director and head of global interest rates products at Morgan Stanley. Prior to joining Morgan Stanley, Hadden was a partner at Goldman Sachs, and head of government bond trading.

Regulators at CME Group, which runs commodity and futures exchanges, initiated a probe against Hadden over Treasury futures orders placed on the expiration date in December 2008, according to a "broker check" report published by the Financial Industry Regulatory Authority (FINRA).

The New York Times first broke news of the investigation.

Citing people briefed on the matter, the newspaper said the probe aimed to establish whether Hadden's late trades had manipulated closing prices and, in turn, made other of his trades more profitable. (http://link.reuters.com/peh44t)

A Morgan Stanley spokesman confirmed to Reuters that Hadden is still employed with the bank but did not provide further information.

(Reporting by Sakthi Prasad and Lauren LaCapra; Editing by Simon Cameron-Moore)

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