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Massachusetts subpoenas Morgan Stanley for Facebook
May 22, 2012 / 9:15 PM / 5 years ago

Massachusetts subpoenas Morgan Stanley for Facebook

NEW YORK, May 22 (Reuters) - Massachusetts Secretary of Commonwealth William Galvin has issued a subpoena to Morgan Stanley over an analyst’s discussions with investors on Facebook.

“The Securities Division has put out a subpoena to Morgan Stanley in connection with the analyst’s discussion with certain institutional investors about the revenue prospects for Facebook,” a spokesman for Galvin’s office said.

A Morgan Stanley spokeswoman did not immediately return an e-mail requesting comment.

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