Will Morgan Stanley be the next financial company on the Wall Street hot seat?
Rebecca Darst of Interactive Brokers thinks that might well be the case.
"We're gearing up for a lot of activity in the brokerage space ahead of next week," Darst explained. "We've got the Fed meeting next week, we've got brokerage earnings out next week."
And, she says, there's a big fight shaping up at Morgan Stanley.
"An activist investment group, CTW Investment Group, which represents union members with $1.4 trillion in assets, has begun lobbying shareholders, urging them to vote down John Mack as the chairman of the board of Morgan Stanley at the next shareholder meeting on April 8," she said.
Darst sees this scenario playing out differently in the options space than earlier CEO crises at Citigroup and Merrill Lynch did.