wall street firms including goldman sachs and morgan stanley are facing more scrutiny over how they handle blocked trades this according to people familiar for more lets go to bloombergs dani burger and danny this is a big story downtown a huge story i mean hedge funds private equity vc all of the big names execute trades visa block trading the ideas and investment bank will handle this for you and negotiate it off market hours to make sure prices dont move against you now this is an investigation that first started in 2018 there were some initial questions outsiders figured there was a lull in this investigation but as you say people familiar telling bloomberg that the sec has started to ask for more info our reporting suggests morgan stanley is among those questions other reports suggest goldman sachs is among those we also have the doj opening a probe alongside the sec now to be clear just an opening of a probe doesnt suggest or necessarily mean that there will be charges its unclear whether anyone suspected of wrongdoing but for years price moves around these block tricky trades have raised questions about whether theres been some misuse of confidential data around again these big trades put out into the market