Reuters: Technology News: Massachusetts fines Morgan Stanley over Facebook research

Reuters: Technology News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Massachusetts fines Morgan Stanley over Facebook research Dec 17th 2012, 18:47 Tweet Share this Email Print Related News CORRECTED-UPDATE 4-UBS faces $1 billion fine for Libor rigging -source Fri, Dec 14 2012 UBS faces $1 billion fine for Libor rigging: source Fri, Dec 14 2012 CORRECTED-UPDATE 2-Student group to go to court over Facebook privacy policy Tue, Dec 4 2012 Morgan Stanley wealth unit aims to close lending gap Mon, Dec 3 2012 Analysis & Opinion Other banks may take most of the UBS Libor pain As Morgan Stanley drops "Smith Barney," some wonder about the brand Related Topics Investing Simplified » Tech » Facebook » Morgan Stanley's New York headquarters are seen at the corner of 48th Street and Broadway in New York May 22, 2012. Credit: Reuters/Andrew Burton BOSTON | Mon Dec 17, 2012 1:47pm EST BOSTON (Reuters) - Morgan Stanley, the lead underwriter for Facebook Inc's initial public offering, will pay a $5 million fine to Massachusetts to settle charges that its bankers improperly influenced its research analysts when the Internet company went public. Massachusetts' securities regulator William Galvin announced the fine on Monday. He had been probing top Wall Street investment banks over the matter and had already fined Citigroup $2 million in October. Galvin said Morgan Stanley violated the 2003 Global Research Analyst Settlement. (Reporting By Svea Herbst-Bayliss) Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions