(Reuters) - Morgan Stanley (MS.N) will adjust thousands of trades to ensure no limit orders will be filled at more than $43 a share for Facebook (FB.O) stock from last Friday’s botched initial public offering, the firm told its brokers on Thursday, a person familiar with the call said.
The source, a broker who could not speak for attribution, said the firm again insisted that the trading problems were Nasdaq-related. (NDAQ.O)
(This story is corrected to reflect nature and timing of orders being adjusted)
Reporting By Ben Berkowitz; Editing by Gary Hill and Phil Berlowitz