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The ethics of Morgan Stanley have hit a new low. In the banking and financial services industry the SEC (Securities and Exchange Commission) requires that all electronic communications get stored for at least three years, but it was recently discovered that Morgan Stanley regularly destroyed millions of e-mail messages by overwriting its backup tapes and by allowing employees to delete messages.

To cover up the email irregularities Morgan Stanley made false claims that millions of e-mail messages in its possession had been lost in the September 11 attack on the World Trade Center.

While claiming that the World Trade Center disaster had destroyed many of its e-mail messages, Morgan Stanley actually held millions of pre-September 11 e-mail messages that were restored to its system from backup tapes shortly after the attack, NASD said.

Many other of the firm’s e-mail messages were maintained on individual users’ computers and therefore were not affected by the attacks

Kinda puts into question the ethics of a company who is using our nations worst terrorist attacks to wrongfully cover up their illegal activities.

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