Manhattan's U.S. attorney says Chilowitz, a former employee in Morgan Stanley's information technology department, stole a list of Morgan Stanley's hedge fund clients and the calculations of rates each paid for prime brokerage services, a booming business for investment banks that includes securities lending and financing.

FORBES: Pilfering At Morgan Stanley

As for that UBS tipping case, 12 of the defendants have settled or pleaded guilty, including Mitchel Guttenberg, the former institutional client manager of UBS's research department who was accused of selling upcoming downgrade tips to hedge fund clients in a scheme hatched with a friend at New York's Oyster Bar.

FORBES: Tipping The Shorts

If a fund soaked its clients a lot last year, it's probably going to do the same this year.

FORBES: Hidden Expenses