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ing last week, selectively informed clients of an analyst's negative report about the company before the stock started trading.
• Rick Ketchum, the head of the Financial Industry Regulatory Authority, the self-policing body for the securities industry, said Tuesday that the question is "a matter of regulatory concern" for his organization and the Securities and Exchange Commission.
• The top securities regulator for Massachusetts, William Galvin, said he had subpoenaed Morgan Stanley. Galvin said his office is investigating whether Morgan Stanley divulged to only some clients that one of its analysts had cut his revenue estimates for Facebook before the stock hit the market on Friday.
• The bank said late Tuesday that it "followed the same procedures for the Facebook offering that it follows for all IPOs," referring to initial public offerings of stock. It said that its procedures complied with regulations.
• The questions about the role played by Morgan Stanley, the lead underwriter for the deal, add to the confusion surrounding Facebook's IPO. In the most hotly anticipated stock debut in years, the offering raised $16 billion for the social networking company, valuing it at $104 billion
• ___

• BAGHDAD (AP) -- Iran is demanding that world powers set specific timetables and goals in talks Wednesday over Tehran's nuclear program, a senior Iranian government official said before a second round of negotiations.
• The push for milestones by Iran reflects apparent efforts to force concessions from the West on sanctions in exchange for gradually addressing international concerns over the Islamic Republic's nuclear ambitions.
• Tehran hopes to leave Baghdad with a clear framework for future talks and potential dealmaking, the official said. Western diplomats have voiced similar concerns, although few believe the discussions in Baghdad will yield breakthroughs in the showdowns over Iran's nuclear program.
• The U.S. and allies fear Iran could use its nuclear expertise to build atomic weapons. Iran claims it only seeks nuclear reactors for energy and research.
• Iranian negotiators, who met with Iraqi Prime Minister Nouri al-Maliki hours before the talks were to open, would not identify any specific offers or benchmarks they wanted to see by the day's end.

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