Morgan Stanley's (MS) Gorman: We Were 100% Within the Rules on Facebook's (FB) IPO
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Morgan Stanley (NYSE: MS) shares are off of intraday lows Wednesday following comments from CEO James Gorman that the firm stayed 100 percent within the rules on Facebook's (Nasdaq: FB) IPO. Gorman addressed the issued at a weekly strategy meeting.
In addition, Gorman said Morgan Stanley received regulatory calls for its information-sharing process. He also noted there was "unprecedented confusion and disarray" in the opening hours of Facebook's IPO.
Shares are down 3.4 percent on the session.
In addition, Gorman said Morgan Stanley received regulatory calls for its information-sharing process. He also noted there was "unprecedented confusion and disarray" in the opening hours of Facebook's IPO.
Shares are down 3.4 percent on the session.
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