Who paid fines in relation to the Facebook IPO?
A)Morgan Stanley
B)NASDAQ
C)Both a and b
D)No one was fined because the IPO was not issued yet

Question

Quizplus · Accepted Answer

Both Morgan Stanley and NASDAQ were fined in relation to the Facebook IPO. Morgan Stanley was fined $5 million by the SEC for violating securities laws during the IPO, while NASDAQ was fined $10 million by the SEC for mishandling the opening of trading for the IPO.

Who Paid Fines in Relation to the Facebook IPO