Facebook isn't the worst example of financial shenanigans that need investigation by the SEC, but I've chosen to give it attention recently because the general public can easily understand the mechanics of a stock pump and dump.
Facebook IPO: Shareholders Continue To Sue Mark Zuckerberg For Allegedly Holding Back Over Nasdaq Debut
In the days since, at least eight more shareholder suits have appeared. Multiple news reports, many of them citing anonymous
All Wall Street needed to do was deliver a fair price -- an honest price -- to the common, middle-class investor. Instead, what they delivered was a shafting of the retail investor to the benefit of their best customers; the venture capitalists, prime brokers and inside institutions.
While these mom-and-pop investors were seeing their hard-earned cash disappear, Morgan Stanley and Facebook's other underwriters
His majority control has raised flags among some investors, uneasy with ceding so much power to the "hoodie"-wearing executive
Facebook co-founder Dustin Moskovitz owns 7.6 percent of the company. In March 2011, Forbes named Moskovitz "world's youngest
Russian investment firm Digital Sky Technologies has begun buying more shares in Facebook, seeking to expand its stake in
Facebook has been holding exploratory meetings with private-equity firms about raising another round of funding, but the
While a lot of people were beginning to doubt Facebook's ability to raise more money after getting a lofty $15 billion valuation