Massachusetts Fines Morgan Stanley Over Facebook Research

``Morgan Stanley has been under criticism since the social media company went public in May for having revealed revised earnings and revenue forecasts to select clients on conference calls before the media company's $16 billion initial public offering. A Morgan Stanley spokeswoman did not immediately return a call seeking comment. Galvin, who has been aggressive in policing how research is distributed on Wall Street ever since investment banks reached a global settlement in 2003, said the bank violated that settlement. He fined Citigroup $2 million over similar charges in late October.''