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CHICAGO Persistent technology glitches have caused a number of Morgan Stanley Smith Barney advisers to contemplate quitting their jobs, Reuters reported Friday, citing unnamed sources with knowledge of the situation. As many as 48 employees, who manage tens of billions of dollars, are considering leaving, and have drafted a letter to James Gorman, the firm's chief executive, voicing their concerns, the news agency said. Technological problems have caused trading delays, bounced checks and other significant errors, the story explained. The group is hoping that if they do exit, they can keep a series of forgivable loans they were given during 2010 and 2012 -- so-called retention awards -- that they were supposed to give up if they resigned, Reuters said.

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