Morgan Stanley fired a New York financial adviser accused of stealing account information from 350,000 clients, a person familiar with the matter said.
Galen Marsh, a financial adviser who worked at a New York branch of Morgan Stanleyâ€™s wealth management arm, was terminated last week, the person said. Mr. Marsh, 30 years old, had joined Morgan Stanley MS, +1.13% Â in 2008 and had been promoted from trainee less than a year ago.
Marsh could not be immediately reached for comment. He worked in a Morgan Stanley office in midtown Manhattan, according to the firmâ€™s website.
Morgan Stanley announced earlier Monday that it fired an employee for the alleged theft but didnâ€™t give the employeeâ€™s name or position with the firm. The firm said information regarding about 900 of its clients was briefly posted online but that no clients had incurred losses as a result.
Morgan Stanley said earlier that it referred the matter to law enforcement. No one had been arrested in connection with the alleged theft as of Monday afternoon.