Morgan Stanley has been fined $5m (£3m) by the Massachusetts securities regulator for "improperly influencing" analysts before Facebook's share sale. According to the regulator, there was a conflict of interest when a senior banker coached a Facebook official on what to say to analysts. It also claimed that the two firms failed to tell all investors that revenues may be lower than forecast. Many investors criticised Facebook as its shares fell following the listing. The sale, which was over-subscribed and took place in May 2012, was one of the most hotly anticipated stock floatations in recent history and valued the eight-year-old firm at $104bn....Read more here on this story: Morgan Stanley is fined $5m for Facebook IPO disclosure