The Securities and Exchange Commission is examining potential market timing activity in a Baltimore branch of Morgan Stanley, The Wall Street Journal reports. While the SEC and the NASD have sanctioned the firm for its sales practices, this is the first time it is being investigated for timing.

The probe comes on the heels of the dismissal last month of Baltimore Branch Manager Harry Buzzered and Broker Chris Glassman, sources told the Journal.

A spokeswoman for Morgan Stanley confirmed that Buzzered and Glassman are no longer with the firm but declined to comment on the reason for their dismissal or any pending investigation. A spokesman for the SEC also declined to comment, and Buzzered and Glassman could not be reached.

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