Facebook IPO may have started out the wrong way
NEW YORK: According to a new report published online this evening, Facebook‘s anticipated Initial Public Offering, may have a few more holes than anybody had expected.
CNN MONEY notes that regulators have begun a mini-investigation into a Reuters.com report that claims Morgan Stanley‘s actions pre-Facebook-IPO were not all that honest, and allowed certain investors to gain a bigger foot ahead of the big day.
“If true, the allegations are a matter of regulatory concern to FINRA and the [Securities and Exchange Commission],” Ketchum said in a statement via a spokeswoman.
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