The fine levied on Morgan Stanley (NYSE:MS) earlier this week for their involvement in the Facebook Inc (NASDAQ:FB) IPO was the first major move by regulators to assert that there had indeed been wrongdoing in the deal that saw investors lose millions. When the fine was announced a couple of questions lingered on the minds of analysts. “How would Morgan Stanley react?”, and “What exactly was the fine for?”, were the most important of those questions. Yesterday, Bloomberg contributor Jonathon Weil asked the latter question, and failed to find a reasonable answer. According to the columnist, the consent order issued…
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