Exclusive: Regulators may review Morgan Stanley-Facebook allegations

NEW YORK Tue May 22, 2012 2:03pm EDT

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NEW YORK (Reuters) - The Financial Industry Regulatory Authority's chairman said on Tuesday that regulators plan to review allegations that Morgan Stanley shared negative news before Facebook's initial public offering with institutional investors.

"The allegations, if true, are a matter of regulatory concern" to FINRA and SEC, Ketchum told Reuters.

(Edited by Walden Siew)

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