- 3 -
FINDINGS OF FACT2
At the time the petition was filed, petitioner resided in
Irvine, California. From the fall of 1982 through the spring of
1986, petitioner attended the University of Illinois at Urbana-
Champaign, majoring in finance. Petitioner left college after
the spring 1986 semester, only nine credits short of his
bachelor's degree. In December 1989, he completed the necessary
credits and received a bachelor of science degree in finance with
high honors.
Petitioner left college in 1986 to work for Morgan Stanley &
Co. (Morgan Stanley), a New York investment banking firm, for a
2-year internship as a junior analyst. Initially, petitioner
worked in the Leveraged Buyout Unit of Morgan Stanley’s Merchant
Banking Department. He was transferred to the Mergers and
Acquisitions Department in March 1987 because of unsatisfactory
work performance and remained in that department until June 1988.
During the course of his employment at Morgan Stanley, petitioner
was privy to confidential business information. Some of the
information was nonpublic or insider information regarding Morgan
Stanley’s clients involved in actual and anticipated corporate
combinations and other transactions, such as mergers, tender
offers, and leveraged buyouts. Petitioner was contractually and
2 The stipulation of facts and the attached exhibits are
incorporated herein by this reference.
Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011