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-- I'm Gerri Willis you know I've gotten a lot of flack over the years -- -- small investors of the perils of putting their hard earned money.
Into red hot initial public offerings.
I warned here Friday about FaceBook and it's become a prime example of what I'm talking about.
-- savvy viewers are already know of the Wall Street bait and switch we're now learning while banks were selling FaceBook stock to the public.
They were quietly cutting their own outlook for the company can you believe that.
It's the same thing that happened during the housing bust bankers were selling mortgages to investors mortgages they knew were worthless today.
NASDAQ and brokerages reporting that they are -- each other over this whole FaceBook blocked.
Regulators say that small investor should have confidence in the market.
Those same regulators have started investigations into what went wrong with the most hyped IPO in history.
This is exactly the reason that many feel there is an uneven playing field when it comes to investing.
Stock message boards were lit up with FaceBook comments today biggest IPO fraud ever said one the biggest -- of all time.
Another and one person saying -- -- the worst investment decision I have ever made.
Unfortunately that's with the story for so many small investors they learn the hard way and it shouldn't be that way that's might.
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