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February 25, 2014
Ohio Broker Fined and Suspended by FINRA Over Facebook IPO Purchases

Cory Ward Taylor, Registered Representative, CRD No. 4397111, was fined $15,000 and suspended for six weeks by FINRA. According to FINRA's investigation, Cory Taylor purchased Facebook stock on May 18, 2012, the day of the IPO, in 54 accounts for 44 different client groups, some who had multiple accounts. Taylor spoke to 30 of his […]

May 23, 2012
Facebook and Banks Sued

As of today, Facebook (FB) shares have fallen roughly 18.4 percent from their $38 IPO price, within the first three days of trading, reducing the value of stock sold in the IPO by more than $2.9 billion. It was announced that Facebook, Inc., Facebook Chief Executive Officer Mark Zuckerberg, and the banks, including Morgan Stanley, are being sued by shareholders,  […]

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