All of this stinks, of course, but none of it stinks more than the idea that the Morgan Stanley analyst cut numbers at the last minute and only the largest clients were informed.

If that's really the case, then the SEC has to go to Morgan Stanley today and get all telephone records, all transcripts, all correspondence and start sifting because there's no way this didn't violate the rules.

In all my years on Wall Street this is the most outrageous and egregious deal I have ever seen.

Shameful..

And now someone has to pay.
Action Alerts PLUS, which Cramer co-manages as a charitable trust, has no positions in the stocks mentioned.

If you liked this article you might like

Why Amazon's Reported Smart Glasses Might Be Just a Niche Product -- For Now

PayPal's Venmo Gets Ready to Take on Apple

How PayPal's CEO Uses Military Level Karate to Succeed in Business

Yes, PayPal CEO Actively Practices Martial Arts

7 Essential Rules for Investing in Tech Stocks