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Insider Trading Risk Surrounds Facebook Stock Debut as Morgan Stanley Hits Back at Subpoena

23 May 2012

A state subpoena issued to Morgan Stanley, the lead underwriter on the Facebook IPO, and a class-action lawsuit filed against Morgan Stanley, its IPO banking team, the Nasdaq OMX Group and Facebook itself could land certain investors and analysts in deeper legal difficultly, Owen Watkins told the IBTimes UK.

A state subpoena issued to Morgan Stanley, the lead underwriter on the Facebook IPO, and a class-action lawsuit filed against Morgan Stanley, its IPO banking team, the Nasdaq OMX Group and Facebook itself could land certain investors and analysts in deeper legal difficultly, Owen Watkins told the IBTimes UK.

You can read the full article and all of Owen Watkins' comments on the issues on the IBTimes website here.

 

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