December 17th, 2012

Morgan Stanley Fined $5M Over Facebook Research And Handling Of IPO By Massachusetts (UPDATED)

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According to CNBC, Morgan Stanley has been fined $5M over its Facebook research practices. This is the second huge fine for Morgan Stanley, the first being over “noncompetitive trades” in June. Facebook’s stock jumped out of the gates and dipped dramatically, and Morgan Stanley filed a report based on its research afterwards, including why it was priced at $38: Our base case… → Read More