the logo for morgan stanley is seen on the trading floor at the new york stock exchange nyse in manhattan new york city us august 3 2021 reutersandrew kelly aug 30 reuters  morgan stanley msn has appointed an internal lawyer to shadow a unit of the bank subject to a federal probe into block trading the financial times reported on tuesday citing people briefed on the arrangement the bank has ordered the lawyer to sit on its us equity syndicate desk to supervise bankers and answer their legal questions the ft report said httpsonftcom3pu6vs5 in february the wall street bank said that us regulators and prosecutors were probing various aspects of its block trading business the banks disclosure in february followed reports that the us securities and exchange commission sec was investigating whether financial executives had broken rules by tipping off hedge funds ahead of large sales of shares known as block trades the decision to install the lawyer on the desk was made after the firm placed pawan passi head of the us equity syndicate desk on leave last year the ft reported the bank last week placed a second member of the equity syndicate desk charles leisure on leave the report added citing people familiar with the matter morgan stanley did not immediately respond to a reuters request for comment the banks role in the collapse of archegos capital management has deepened a probe by us authorities into wall streets lucrative market for block trades read more the investment bank lost nearly 1 billion last year when bill hwangs archegos failed to meet margin calls forcing several investment banks including morgan stanley to attempt recouping losses by liquidating shares and assets reporting by akanksha khushi in bengaluru editing by saumyadeb chakrabarty