Just before Christmas, a New York federal judge sentenced Galen Marsh, the former Morgan Stanley financial advisor who downloaded client data to his home computer without permission, to three years of probation. He pled guilty to one count of unauthorized computer access.
Marsh admitted to downloading Morgan Stanley client information and illegally accessing it so he could see how other financial advisers invested money in order to advance his career.
Prosecutors alleged he conducted 6,000 searches in the database, accessing clients’ confidential information, then uploaded the information to his personal computer. The information made its way to YouTube, which Marsh blamed on Russian hackers.
Although Marsh did not receive jail time, in addition to probation, he agreed to pay Morgan Stanley $600,000 in restitution.