Town Square

Post a New Topic

Morgan Stanley settles claim over Facebook IPO

Original post made on Dec 27, 2012

One of the lead underwriters of Facebook's initial public offering (IPO) will pay $5 million in fines to settle the first regulatory action brought against Facebook financial backers who allegedly withheld information from public investors.

Read the full story here Web Link posted Thursday, December 27, 2012, 9:03 AM

Comments (1)

Posted by slap on the wrist, a resident of Atherton: other
on Dec 27, 2012 at 10:41 am

The fine is a slap on the wrist compared to the actual damages of the small time investors. One per centers win again.


If you were a member and logged in you could track comments from this story.

Post a comment

Posting an item on Town Square is simple and requires no registration. Just complete this form and hit "submit" and your topic will appear online. Please be respectful and truthful in your postings so Town Square will continue to be a thoughtful gathering place for sharing community information and opinion. All postings are subject to our TERMS OF USE, and may be deleted if deemed inappropriate by our staff.

We prefer that you use your real name, but you may use any "member" name you wish.

Name: *

Select your neighborhood or school community: * Not sure?

Comment: *

Verification code: *
Enter the verification code exactly as shown, using capital and lowercase letters, in the multi-colored box.

*Required Fields

Freshman Blues Don't Mean Wrong College
By John Raftrey and Lori McCormick | 2 comments | 1,029 views

Background and Ideas for the Comp Plan
By Steve Levy | 20 comments | 964 views

When Grandparents Visit
By Cheryl Bac | 4 comments | 865 views

The State’s Proposed “Rainy Day” Fund Threatens Local School Districts’ Ability To Keep Their Financial Houses In Order
By Erin Glanville | 3 comments | 309 views

Aging and Training
By Paul Bendix | 0 comments | 112 views