… by regulators after a witchhunt by Commonwealth of Massachusetts’s secretary William Galvin.
Morgan Stanley along with other Wall Street banks underwriting the deal, allegedly shared their growth forecasts for the social network company with certain, but not all, investors.
MS have agreed to pay the fine without any admission of guilt. ( They did receive up to $68 million in fees for their share of the offering, so guess it’s not hurting too much!)
More... Forbes
