Questions of Fair Play Arise in Facebook’s I.P.O. Process

The New York Times
May 23, 2012

Christopher J. Keller explains the disadvantages affecting retail investors within the IPO process

“You have this legacy problem,” said Christopher J. Keller. “Twenty to thirty years ago, there was no such thing as a retail investors as we know it, so we still have rules that allow the large player in the market to have a leg up.”