(Reuters) – Morgan Stanley will adjust thousands of trades to ensure no limit orders will be filled at more than $43 a share for Facebook 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.
(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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