(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, [.
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 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
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