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SEC Inquiry Into IPO Trading Expands to Banks

By
Kevin Dugan
· · Source: Fox Business

The Securities and Exchange Commission’s investigation into early trading in IPOs has expanded to cover the role played by major investment banks Morgan Stanley and Goldman Sachs, Fox Business reported. Investigators are looking into how bankers at the Wall Street firms set the price range for how the stock will trade, before it opens on the first day of trading. The agency is also exploring...

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