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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

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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.


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