May 24, 2012 / 9:15 PM / 7 years ago

Morgan Stanley making Facebook adjustments: source

(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

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