Morgan Stanley ignored abuse accusations against one of its top brokers: report

Morgan Stanley knew that one of its top brokers had been accused of abuse by multiple women over a number of years, but failed to take action, according to a published report. Four women have sought restraining orders against Douglas Greenberg, a broker in Portland, Ore., who is one of the firm's top 2% of brokers by revenue, according to a story in The New York Times. Mr. Greenberg was charged with harassment and criminal mischief in 2006 for violating a restraining order requested by an ex-girlfriend, and in 2014 he was charged with violating a restraining order requested by another ex-girlfriend, who claimed that Mr. Greenberg had said he would burn down her house, according to the Times. According to seven former Morgan Stanley employees, the firm knew about Mr. Greenberg's alleged conduct yet took no action, according to the report. After being contacted for comment, Morgan Stanley put Mr. Greenberg on "administrative leave pending further review of this situation," the Times reported. "We are committed to maintaining a safe and professional work environment and will take appropriate action based on the facts of the matter," Morgan Stanley spokeswoman Christy Jockle told the paper.