Morgan Stanley to Pay Back Investors over Facebook IPO?
(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 Morgan Stanley Smith Barney clients.
Technical problems at the Nasdaq stock market caused delays and confusion about Facebook trading last week. There have also been many questions, even lawsuits, over tip-offs received by Wall Street insiders about negative reports on Facebook’s future profits and revenues.
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