Information provided to analysts prior to IPO involves gray area in Reg FD.
By Michael J. Moore, Lee Spears and Douglas MacMillan, Bloomberg News|May 24, 2012 at 05:48 AM|Originally published on Treasuryandrisk.Com
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Facebook Inc.’s initial public offering has triggered allegations the social network and banks led by Morgan Stanley selectively disclosed crucial information to investors. Securities law experts say it’s not clear the firms did anything wrong.