Finra Warns About Facebook Pre-IPO Investments
A financial industry regulator has issued a warning about scams touting pre-IPO stock, unfortunately citing Facebook shares as an example.
Private market trading of Facebook stock has garnered so much attention lately that the social network is cited as an example in a warning by a financial industry regulator.
The Financial Industry Regulatory Authority has posted a well-intentioned warning against schemes promising access to shares of companies that haven’t gone public yet. Alas, Facebook stakes have become nearly synonymous with the so-called pre-intial public offering market, which explains why the company is listed as an example.
Finra’s
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