State of Massachusetts Fines Morgan Stanley For $5 Million Because Of Facebook IPO
The state of Massachusetts has fined Morgan Stanley $5 million because of the botched Facebook IPO. After Facebook went public this past May, stock traders were riddled with system errors. A lot of people lost money as a result. The company’s stock price opened at around $38 per share and today it is trading at $27. Back in September, the company was trading at as low as $17.79.









