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Regulators Probe Bank’s Role in Facebook IPO

(WASHINGTON) — Regulators are examining whether Morgan Stanley, the investment bank that shepherded Facebook through its highly publicized stock offering last week, selectively informed clients of an analyst’s negative report about the company before the stock started trading. Rick Ketchum, the head of the Financial Industry Regulatory Authority, the self-policing body for the securities industry, [.
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See more about: Morgan Stanley

Insiders Warned on Facebook IPO, Regulators Launch Investigation

Business & Finance : Business from Newser (2 years ago)

Facebook's IPO is looking more disastrous by the day. Regulators are now probing reports that underwriter Morgan Stanley and other banks cut their revenue forecasts for the company just days before the IPO—but only advised major cli... Read Post

Why Shouldn't Practitioners Of Muppetology Get Swallowed in an Facebook IPO Class Action Suit?

Business & Finance : Zero Hedge (2 years ago)

Reuters reports on Facebook: "Morgan Stanley unexpectedly delivered some negative news to major clients: The bank's consumer Internet analyst, Scott Devitt, was reducing his revenue forecasts for the company. The sudden caution very... Read Post

Facebook's Lead Bank Tells Clients They Were Dumb To Buy At The IPO Price (FB)

Business & Finance : Business Insider: Clusterstock (2 years ago)

Facebook's lead investment bank Morgan Stanley released its first research report on the stock this morning. Morgan's clients are probably not going to like it. Analyst Scott Devitt and his team start the company at "overweight" but... Read Post


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