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Regulators Raise Questions About Facebook IPO
ResumeDid Morgan Stanley and other Wall Street banks warn its top clients that Facebook might not be such a good deal based on insider information? And if they did, was that illegal?
In Massachusetts, Secretary of State William Galvin issued a subpoena to find out what Morgan Stanley analysts told investors about the deal.
Wall Street's self-policing agency is investigating and a small investor in Maryland is hoping to launch a class action suit accusing NASDAQ of botching the IPO due to computer glitches that delayed the launch.
Guest:
- Lee Spears, Bloomberg news markets reporter
This segment aired on May 23, 2012.