NEW YORK: As regulators scrutinise Facebook’s problem-plagued stock market debut, they may have to confront areas of securities law that do not always clearly spell out what industry analysts are allowed to tell clients about companies on the verge of going public.
Facebook and the Wall Street banks that underwrote its US$16bil (RM48bil) initial public offering are facing questions about how and why stock analysts decided to cut their financial forecasts on the company ahead of the IPO.
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