Edward Glenn Hadden is under investigation by regulators at CME Group

(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 employedby 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 ordersplaced 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 thematter, the newspaper said the probe aimed to establishwhether 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.

Ex Right

The holder of shares purchased ex dividend is not entitled to an upcomingalready-declared dividend,but is entitled to future dividends.

Ex Dividend

The holder of shares purchased ex dividend is not entitled to an upcomingalready-declared dividend,but is entitled to future dividends.

Escrowed Securities

The outstanding securities ofan issuer that are not freely tradable, because they are subject to an escrow agreement that restricts the ability of certain security holders of that issuer from trading or otherwise dealingin those securities until certain conditions are satisfied.

Equity Value

An option contract that grants the holder the right to buy or sell a specific number of shares of stock at a specified price during a specific period of time.

Equity Option

An option contract that grants the holder the right to buy or sell a specific number of shares of stock at a specified price during a specific period of time.

Equity Financing

The dollar value of securities issued in accordance with a TSX or TSX Venture Exchange approved transaction. The value equals the number of securities multiplied by the offering price. The various forms of financial instruments may have an effect on determining the price or the number of securities.

Equities

Common and preferred stocks, which represent a share in the ownership of a company.

Energy or Royalty Trust

Investment vehicles that may engage in the development, acquisition, and/or production of oil and gas reserves. The trust receives royalty income fromproducing properties (essentially, net cash flow) and then sells interests in the trust (called trust units) to investors. Conventional oiland gas royalty trusts are actively managed portfolios holding assets of mature producing properties. Substantially all of the cash flow generated by the oil and gas assets, net of certaindeductions, such as administrative expenses andmanagement fees, is passed on to the unit holders as royalty income. Capital expenses may also be deducted, but are usually subject to restrictions on the amount. The distributions are highly dependent uponthe cash flow generated by the trust. In general, the largest variable in determining the level of cash flow is the price of crude oil and natural gas.
Royalty trusts provide an alternative (from owning theshares of individual companies) for investors to participate in the oil and gassector.

Exchange Offering Prospectus (EOP)

A form of prospectus that allows a company to conduct a prospectus offering through the facilities of a stock exchange,rather than issuing them directly to the public. The company then applies to list the securities on the exchange.