When I was installing SharePoint 2010 i encounter an error from the title.
Log in EventLog was:
The server encountered an unexpected error and stopped.
“ERR: MMS(4828): libutils.cpp(10475): RegQueryValueEx of Server failed with 2
BAIL: MMS(4828): libutils.cpp(10477): 0×80070002 (The system cannot find the file specified.)
ERR: MMS(4828): libutils.cpp(10475): RegQueryValueEx of SQLInstance failed with 2
BAIL: MMS(4828): libutils.cpp(10477): 0×80070002 (The system cannot find the file specified.)
ERR: MMS(4828): libutils.cpp(10475): RegQueryValueEx of DBName failed with 2
BAIL: MMS(4828): libutils.cpp(10477): 0×80070002 (The system cannot find the file specified.)
BAIL: MMS(4828): server.cpp(281): 0×80070002 (The system cannot find the file specified.)
BAIL: MMS(4828): server.cpp(3518): 0×80070002 (The system cannot find the file specified.)
BAIL: MMS(4828): service.cpp(1528): 0×80070002 (The system cannot find the file specified.)
I spend hours trying to figure out what file missing. Well, solutions was quite different.
I added service account (account for window services Forefront Identity Manager Service and Forefront Identity Manger Synchronization Service) into three groups on local machine:
  FIMSyncOperator, FIMSyncJoiners and FIMSyncBrowse and errors gone.
Strange was also that when I installed SharePoint 2010, service account was /.
I change this to domain user account and that user added into three groups mention previously.
I hope that this will help someone and save time.

#1 by Mike Ray on May 18, 2010 - 10:38 PM
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Hello:
I’m having the same problem on a Win 2008 box with SP 2010 instaled… I was exctied to find your blog, however the FIM security groups you mention do not EXIST on my server. Any suggestions would be appreciated.
Thanks,
Mike
#2 by itgoran on May 19, 2010 - 11:10 PM
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Mike, did You try to make groups and add service user ?
#3 by Darryl Lang on May 21, 2010 - 5:12 PM
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I ran into the same issue as Mike Ray and have not found a resolution for it yet either. I created the local groups, but of course they don’t fix it since there are no extra permissions assigned to them.
#4 by Darryl Lang on May 21, 2010 - 10:29 PM
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and figures I’d find an answer same day …
Ran through this: http://blogs.msdn.com/opal/archive/2009/11/16/installation-notice-for-sharepoint-2010-public-beta.aspx
and this: http://www.sharepointdevwiki.com/display/spadmin2010/15+-+Configure+User+Profile+Synchronization+Service
and it started working sometime during all that… I actually noticed the services started immediately after I configured the Delegate Control in AD.
#5 by itgoran on May 22, 2010 - 5:34 PM
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Darryl, thank You for contribution.
I noticed, that lot of people have this problem.
#6 by Shelter on June 23, 2010 - 1:06 PM
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I’m having the same problem on virtual machine (vmware) with Win 2008 and SP 2010.
There are no groups FIMSyncOperator, FIMSyncJoiners and FIMSyncBrowse after install SP 2010 (standalone installation). But then i go to \services on server\, click \User profile service\ – start, I see account and password fields, and username is dimmed and it has network service account. I write any password, for example 12345 and click \start\. After some time i see in console services.msc, that user profile service started. And it creates groups FIMSyncOperator, FIMSyncJoiners and FIMSyncBrowse, and some dcom objects, related to FIM.
But it not solved the problem, because password, i entered, is not right, and it gives error in application event logs.
I think, the service not working in standalone installation. Only when i install SP 2010 in \Server Farm\ mode, i can config service, select domain account for it, and start it succesfully.
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