Morgan Stanley and other underwriters engaged in selective disclosure during Facebook’s initial public offering, revealing sensitive financial information only to institutional investors. Massachusetts securities regulators fined Morgan Stanley million for creating an ‘unlevel playing …
Morgan StanleyFacebookWilliam GalvinJames Gormansecurities-fraudmarket-manipulationtech-industryfinancial-regulationfacebook+1 more
The first comprehensive audit of the Federal Reserve revealed it secretly provided $16.1 trillion in emergency loans to major financial institutions during the 2008-2010 financial crisis, far exceeding the $700 billion TARP program. The audit exposed unprecedented scale of financial sector bailouts, …
Federal ReserveBen BernankeCitigroupMorgan StanleyGoldman Sachs+4 morefinancial-crisissecret-bailoutmonetary-capturefederal-reserveregulatory-capture+1 more
The Securities and Exchange Commission votes unanimously to allow the five largest investment banks to dramatically increase their leverage ratios, removing a 1970s-era rule that limited debt to 12 times capital. Goldman Sachs, Morgan Stanley, Merrill Lynch, Lehman Brothers, and Bear Stearns …
Securities and Exchange Commission (SEC)William DonaldsonGoldman SachsMorgan StanleyMerrill Lynch+2 moreregulatory-capturehousing-policyleverageinvestment-bankshousing