As a high school student, Stephen Sui-Kuan Wang Jr. boasted that he would make his first million before turning 30. When he joined the Morgan Stanley investment firm, the young financial analyst seemed well on his way. But Wang's role in multimillion-dollar deals still amounted to rudimentary research.
Now Wang, 24, stands accused of trying to make up the difference through insider trading. The Securities and Exchange Commission charged last week that the $35,000-a-year analyst provided secret information about takeovers that Morgan Stanley was working on to Fred Lee, 38, a wealthy Taiwanese businessman. Lee allegedly used the information to make...
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