he spoke exclusively to our felicia taylor about his past an his future. >> reporter: so show me wherehis all took place. where did the crime happen? >> well most of it -- the last four years from this room. >> reporter: for 17 years garrett bauer traded on tips he got from his friend, ken robinson. >> when a phone call came in? >> those type of phone calls happened once or twice a year. i spoke to ken probably five days a week. >> robinson got his tips from matthew kluger, a washington lawyer who would get confidential nonpublic information about mergers and acquisitions from his firm's e-mail servers. the trio shared the profits, a total of more than $32 million according to court documents. >> the whole idea was for me to do all the trades so there would be no connection to him and his connection to the lawyer and then he started doing some of these trades when i said i didn't want to do them anymore. so it was really at that point where i guess -- i assume the fbi and the sec investigated him. >> reporter: when the fbi came for ken robinson, he turned in garrett bauer. >> after abo

i want to bring in felicia taylor.facebook, shares of facebook are going to come out of the gate strong and are we ready? should we buy? >> well, there's a two-fold answer to that, suzanne. i would bet, if you can assume things like that, then, yeah, there's so much hype around f e facebook, investors get in at the open and wait for the stocks to rise in price and sell it and then the higher price shares are left to the average investor and for most of us that would get in after the investors, there is not that much potential because the stock is already run up. should people buy facebook at this point? i would say it would be wise to wait mostly because the price will come back down again after it has had a few days to settle in. so beware of that. linkeden may have had the biggest hype. shares doubled on the day that it opened but are down 20%. groupon and zynga. it can be up 16% and that's because of all the hype surrounding facebook because it gets some of its revenue from facebook. groupon is up and pandora is up

i want to go to fell sheesh r lea felicia taylor from new york. >> absolutely. if they file a paperwork and it takes up to maybe three, four months for the actual shares to be traded. let's talk about that process with kenny. how does the ipo process actually work? >> they will file the paperwork today and then go on the road show. they will go around the country, seeing large asset managers to sell them on the story. clearly i don't think people need to be sold on the story. that's going to be the easy part. then it comes the whole pricing. what are they going to value it at. are they bringing 10% of the company to market, 15% to market? whatever that is, it is. they will come up with a nice price and then they start to gauge investor interest. now n. this case, investor interest can be large asset manager investor interest but i also have to believe in this case it's also going to be retail investor interest. >> now, not always are retail investors able to get in on an ipo like this. you think differently, that this time the eank average investo

felicia taylor is live at the stock exchange. there is so much talk about this. what is facebook actually expected to do today? >> well, brooke, we started to hear rumors really early this morning that facebook was getting ready to file the paperwork required to launch an ipo. then the process actually begins, and it can take several months. they go on what they call a roadsh roadshow, which is basically advertising facebook, although i don't think there is anyone out there who doesn't understand the magnitude of facebook. they are seeking to raise about $5 million in this offering. we could find out what the particularer m ticker symbol will be, where it's going to trade, and what it's worth. we'll have to wait until after it actually starts trading. analysts estimate that its value is somewhere between 75 and $100 billion. not bad for a company that didn't even exist eight years ago. that valuation would make it worth more than iconic companies such as walt disney and general motors, both of which have been around for a very long time. brooke? >> wow. so people