How is that not a serious violation of privacy? I'm pretty sure this would violate even the most basic privacy statement. I highly doubt they asked the submitter if they would enjoy being emailed to the industry. In Canada or the EU you'd be violating Government legislation too.
Hope it works out for him, but this just goes to show how little Wall Street thinks of people outside of their own circle. If I were a high up in Morgan Stanley (it's the only company name not blacked out) I'd be pissed.