BOSTON (Reuters) – Morgan Stanley , the lead underwriter for Facebook Inc's initial public offering, will pay a $ 5 million fine to Massachusetts for violating securities laws governing how investment research can be distributed. Massachusetts' top securities regulator, William Galvin, charged on Monday that a top Morgan Stanley banker had improperly coached Facebook on how to disclose sensitive financial information selectively, perpetuating what he calls "an unlevel playing field" between Wall Street and Main Street. …
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