A new Joe Bftsplk?

Joe was a character in the Li'l Abner comic strip written by Al Capp when I was a kid. Joe was the guy who always had a cloud over his head, as he could never do anything right no matter how hard he tried. For a time under Purcell Morgan Stanley seemed to be Joe Bftsplk. The departure of Purcell seemed to lift the cloud. But yesterday comes news that the SEC wants to talk with John Mack, the new Morgan Stanley CEO, about the possible use of insider information by Pequot Capital Management, with whom Mack was affiliated.