Friday, May 25, 2012
Facebook IPO Mess: Blame Falls On High-Frequency Trading
Flash Trading? Um, no. Insider Trading? Yes. I was listening to Mike Papantonio filling in for Ed Schultz today and heard him talking about the Morgan Stanley Tech Analyst reconfiguring his valuation of Facebook prior to the IPO, but that only Hedge Funds were alerted to the information.
High-Frequency Trading is a Problem, but this was about insider trading.
Read the Article at HuffingtonPost
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