Today on CNN Newsroom

The latest news and information from around the world. Also connect with CNN through social media. We want to hear from you.
May 23rd, 2012
04:56 PM ET

More Facebook trouble: Investors sue, regulators investigate

Investors are suing Facebook before the end of its first week of trading. Brooke talks to Massachusetts Secretary of the Commonwealth, William Galvin, about the subpoena he has issued regarding how the IPO was marketed. Galvin says he is looking for what information was given to investors and if there were categories for those investors in relation to the information they received. Morgan Stanley, one of the underwriters, maintains they followed the same procedure for the Facebook offering that it follows for all IPOs.

 Post by:
Filed under: Anchors • Brooke Baldwin
soundoff (No Responses)

Post a comment


  

CNN welcomes a lively and courteous discussion as long as you follow the Rules of Conduct set forth in our Terms of Service. Comments are not pre-screened before they post. You agree that anything you post may be used, along with your name and profile picture, in accordance with our Privacy Policy and the license you have granted pursuant to our Terms of Service.

« Back to main

Contributors