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Can you say 'insider information'...

By: oldCADuser in FFFT | Recommend this post (0)
Wed, 23 May 12 3:46 AM | 35 view(s)
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Morgan Stanley gets subpoena on Facebook: reports

May 22, 2012

SAN FRANCISCO (MarketWatch) -- Massachusetts has subpoenaed Morgan Stanley over its handling of sensitive information on Facebook ahead of the social media website's multi-billion dollar initial public offering, media reports said Tuesday. The state's securities division issued the subpoena following a Reuters report that Morgan Stanley cut its revenue outlook on Facebook just before the IPO and discussed it with select institutional investors.

http://www.marketwatch.com/story/morgan-stanley-gets-subpoena-on-facebook-reports-2012-05-22

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