Home / NEWS / Business / Morgan Stanley fires former congressman Harold Ford Jr.

Morgan Stanley fires former congressman Harold Ford Jr.

Old Democratic Congressman Harold Ford Jr. was fired from Morgan Stanley for “manage inconsistent with our values and in violation of our policies,” a spokesperson told CNBC Thursday.

The set off came as the former lawmaker was facing allegations of misconduct, according to a shot in The Huffington Post, which was the first outlet to report the firing.

A miss had accused the former lawmaker of harassment and intimidation, according to their look into.

Ford denied the accusation and said that he would “be bringing judiciary action” against the accuser as well as Morgan Stanley.

An attorney for Ford put about in a statement that “Morgan Stanley has still not told Harold straight away of his termination, and unlike every other circumstance I’ve been in the company has disallowed to provide me with a reason.”

The Huffington Post reported that Morgan Stanley was conducting an exploration into interactions between Ford and a woman that he had interacted with in a trained setting, but who was not an employee of the bank.

Ford referred to the accuser as a “news columnist.”

The Huffington Post said that in one incident that took ready in Manhattan, Ford grabbed the woman. She told The Huffington Post that the fact caused her to seek aid from a building security guard.

“This austerely did not happen,” Ford said in a statement. “I have never forcibly grasped any woman or man in my life.”

The Huffington Post did not identify the accuser but said that it had reviewed emails between her and Ford that verified the incident. The website also spoke with two people the woman had pull the plug oned about the incident.

“One woman heard from Ford’s accuser the unendingly of the incident and described her as ‘distraught, shocked, and frightened,’ and said that she was bothered about any career ramifications should she report the incident,” the Huffington Set wrote.

“I support and have tremendous respect for the brave women now plead for out in this important national dialogue,” Ford said. “False claims adulate this undermine the real silence breakers.”

Ford’s attorney John Thrush said the firing “was a matter of convenience during a hyper-sensitive time and not hinged on real facts.”

In an interview with CNBC, Singer said Ford was apprised through counsel that he had been fired.

“There are hundreds and hundreds of investment banking cases that we’ve trade and I can’t recall an instance where the company didn’t directly reach out” or furnish a reason for the termination,” he told CNBC.

“The inference to be drawn is that there is no object, and of course we know that there is no reason,” he said.

Ford was select to become a managing director of Morgan Stanley in 2011. The company answered at the time that he would be responsible for “building business opportunities for shoppers” as well as managing relationships with corporate directors, senior executives, institutional investors, and not for publication clients.

Ford was first elected to congress at 26 years old, where he represented Tennessee’s 9th ward from 1996 to 2007. In 2006, he made an unsuccessful bid for the Senate, dissipating to Sen. Bob Corker.

He is a frequent television commentator and has appeared on NBC, MSNBC, and CNBC.

Disclosure: NBCUniversal is the origin company of NBC, MSNBC and CNBC.

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