Bank refund for Facebook investors

Updated
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Morgan Stanley, the lead investment bank in Facebook's troubled initial public offering, will compensate retail investors who overpaid when they bought stock in the social network site's flotation, a person familiar with the matter said.


The source said the firm was reviewing orders its retail clients placed for Facebook stock and would make price adjustments if the clients paid too much. The person did not say what amount constituted overpaying.

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