Morgan Stanley (MS) told its brokers on a conference call Thursday that Facebook Inc. (FB) trades from last Friday will be adjusted to ensure that no limit orders will be filled at more than $43 per share, Reuters reported, citing a person familiar with the call.
Andy Saperstein, the firm's head of U.S. Wealth Management, said the adjustments are expected to take place on Friday, Reuters reported, citing an adviser who listened to the call.
Reuters said the firm will adjust "thousands" of trades.
Full story at http://www.reuters.com/article/2012/05/24/facebook-nasdaq-morganstanley-idUSL1E8GOI5D20120524
-Dow Jones Newswires; 212-416-2900