Morgan Stanley and Interactive Brokers Face Federal Scrutiny in Venezuela Probe

Federal authorities are scrutinizing two U.S. trading giants and the economical advisers who dealt with the accounts of a businessman under investigation for allegedly encouraging a previous Venezuelan oil minister launder billions of dollars, in accordance to people today acquainted with the make any difference.

Morgan Stanley , Interactive Brokers LLC and several economical advisory firms managed large-sum accounts for Venezuelan businessman Luis Mariano Rodriguez Cabello, who is under investigation for his function in allegedly encouraging conceal some of the $two billion in query inside the U.S. economical system for his cousin, previous Venezuelan oil minister Rafael Ramírez, in accordance to the people today as properly as government paperwork reviewed by The Wall Road Journal.