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Investor distrust likely to rise after Facebook IPO debacle
Investor distrust likely to rise after Facebook IPO debacle

Susan Fulton says about 100 clients of her Bethesda asset-management firm were "up for the risk" last month and invested a total of $1 million the day Facebook went public. "We bought it at the open, though we couldn't get confirmation on their trades," says Fulton, founder and president of FBB Capital Partners. "Nasdaq was shut down." The stock exchange's technical problems aren't Fulton's only complaint. She's also upset over allegations that Facebook told underwriters before the initial public offering that revenues would be weaker than expected — and that this information was passed on to institutional investors but not to...

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