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Articles Posted in Initial Public Offering

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Morgan Stanley Fined $5,000,000 For Failure To Supervise Sales of IPO’s

On May 6, 2014, the Financial Industry Regulatory Authority (FINRA) announced that it had fined Morgan Stanley Smith Barney LLC $5,000,000 for failure to properly supervise the solicitation of retail clients to invest in initial public offerings (IPOs). According to FINRA, Morgan Stanley sold shares to its retail customers in…

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