As Finra and the SEC investigate allegations that analysts cut their Facebook (FB -8.9%)...

|About: Facebook (FB)|By:, SA News Editor

As Finra and the SEC investigate allegations that analysts cut their Facebook (FB -8.9%) estimates ahead of its IPO and only shared the info with select clients, a source tells BI the estimates were cut because a Facebook exec told them to. Backing up this claim is a May 11 Bloomberg column in which sources claim Facebook is telling analysts its sales "may not meet their most optimistic projections."