TD Ameritrade, Fidelity, Morgan Stanley and E*Trade Financial were no longer taking orders for Facebook Inc. IPO shares as of Tuesday night, Reuters reported.
The report said Wells Fargo Advisors planned to stop accepting Facebook orders at 4 p.m. EDT Wednesday.
Reuters reported that Morgan Stanley told advisers that Facebook orders would be capped at 500 shares per retail client.
Full story at http://www.reuters.com/article/2012/05/16/facebook-ipo-order-close-idUSL1E8GGN1020120516
-Dow Jones Newswires; 212-416-2900