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Morgan Stanley Fined for Role in Facebook IPO

Morgan Stanley Fined for Role in Facebook IPO

Scott Eells/Bloomberg via Getty Images(NEW YORK) — Morgan Stanley is the first major financial entity to be sanctioned in relation to Facebook’s IPO.Massachusetts officials are fining Morgan Stanley $5 million for not disclosing a revenue shortfall wi…

Morgan Stanley CEO Says Banking Industry Is ‘Overpaid’

Morgan Stanley CEO Says Banking Industry Is ‘Overpaid’

Scott Eells/Bloomberg via Getty Images(NEW YORK) — Morgan Stanley CEO James Gorman has folks in the banking sector buzzing with his comments that the industry is “still overpaid.””There’s way too much capacity and compensation is way too high,” Gorman…

Morgan Stanley to Pay Back Investors over Facebook IPO?

Morgan Stanley to Pay Back Investors over Facebook IPO?

Scott Eells/Bloomberg via Getty Images(NEW YORK) — Morgan Stanley, the lead investment bank in the Facebook IPO, might pay money to some retail investors who overpaid when they bought the stock. Published reports say the firm is reviewing orders from …

Facebook Stock Jumps as Analysts Call for Better IPO Rules

Facebook Stock Jumps as Analysts Call for Better IPO Rules

EMMANUEL DUNAND/AFP/GettyImages(NEW YORK) — Facebook stock closed up for the second day in a row as Facebook’s underwriters continued to face heat over whether they gave an unfair advantage to preferred clients. Many average investors lost thousands o…

Facebook Sued, Subpoenaed About IPO

Facebook Sued, Subpoenaed About IPO

Zef Nikolla/Facebook(WASHINGTON) — Facebook and its IPO underwriters are being sued and face pointed questions from lawmakers about whether they misled some investors before the largest initial public offering by a tech company in U.S. history. Facebo…

Regulators to Review Morgan Stanley’s Role in Facebook IPO

Regulators to Review Morgan Stanley’s Role in Facebook IPO

EMMANUEL DUNAND/AFP/GettyImages(NEW YORK) — Since its debut on NASDAQ last Friday, Facebook’s stock has been sliding, dropping from an initial public offering price of $38 to just under $32 by Tuesday’s close.Co-founder Mark Zuckerberg has already los…

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