Morgan Stanley plans to claw back some of the pay it owes a trader who pleaded guilty last week to a federal wire fraud charge for misleading his former employer, Goldman Sachs, according to people familiar with the case.

Goldman had fired the trader, Matthew Taylor, in December 2007 for hiding an $8.3bn futures bet from his former bosses. Morgan Stanley, which hired him only a few months later, now aims to withhold $100,000 to $200,000 in deferred compensation on grounds he misrepresented the circumstances of his exit from Goldman, the people said.