Regulators are examining whether Morgan Stanley, the investment bank that shepherded Facebook through its highly publicised stock offering last week, selectively informed clients of an analyst's negative report about the company before the stock started trading.
Keywords: FacebookMorgan StanleyClientsselectivelybankRevenueNasdaq
Two top U.S. financial regulators said on Tuesday the issues around the initial public offering of Facebook should be reviewed, putting fresh pressure on the company, its lead underwriter, Morgan Stanley, and the Nasdaq stock exchange.
Keywords: FacebookMorgan StanleyNasdaqEstimatesClientsEarnings
Facebook shares sank further Tuesday amid new accusations that key underwriters had cut their forecasts for the company just days before Friday's initial public offering.
Keywords: FacebookMorgan StanleyAnalystsNasdaqmarketabsorb