Note From A Morgan Stanley InvestorPosted by YaVaughnie Wilkins on May 23, 2012 in Featured, Misc | 0 comments
Although Facebook launched its IPO with several underwriters, my concern is with Morgan Stanley. As an investor with the financial powerhouse, it is deeply troubling that Morgan Stanley skates the line of insider trading by claiming it acted in compliance with all current regulations.
(This is the same insider selective disclosure that brought down Merrill Lynch’s Henry Blodget back in 2003, which was just as “legal” then as it appears to be now. READ http://www.
If Martha Stewart was convicted of insider trading violations regarding her sale of ImClone Systems stock in 2004, why the hell are heads not rolling at Morgan Stanley for what clearly appears to be blatant fraud upon its own investors in the opening day trading of Facebook shares? What else is Morgan Stanley involved with that would anger its loyal clients?
The constant word on the street is regarding Infor’s IPO: Will they or won’t they? As a former Morgan Stanley employee and current client, I am going on record as imploring the financial institution to do its own vetting and re-vetting of that company’s C.E.O. before it considers using any of my or MS investors’ money on this IPO. I personally and intimately know Charles E. Phillips, Jr. and his character, and am certain it would anger Morgan Stanley investors to later learn that the financial giant did not properly act in their best interest.
Should another investment house deem Infor’s C.E.O. worthy of its investors’ money, then that is their cross to bear. However, should Morgan Stanley move forward with investing even $1 from my account without properly vetting Philips, I will personally lead the Class Action lawsuit against the firm. (There is a reason CEP declined Paul Volcker’s 2008 recommendation that he be placed on President Obama’s “short list” of potential Secretary of Commerce nominees. He opted, instead, to accept the invitation to join Obama’s Economic Advisory Committee. In doing so, CEP avoided the in depth vetting and investigation process required as part of the Senate confirmation process.)
Article Tags: Charles E. Phillips, Chuck Phillips, Class Action, Facebook IPO, Henry Blodget, ImClone Systems, Infor, Martha Steward, Merrill Lynch, Morgan Stanley, Morgan Stanley Smith Barney, Obama Economic Advisory Committee, Paul Volcker, President Barack Obama, Secretary Of Commerce, Wall Street Conspiracy, Wall Street Fraud, YaVaughnie Wilkins