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Senate Banking Committee To Review Facebook IPO

By Andrew Ackerman Of DOW JONES NEWSWIRES WASHINGTON -(Dow Jones)- The Senate Banking Committee plans to review the initial public offering of Facebook Inc., a Democratic aide said Wednesday. Described as an informal inquiry, the committee plans to "learn more about issues raised in the news regarding Facebook's IPO by conducting staff briefings with Facebook, regulators and other stakeholders," the aide said. The statement comes a day after Securities and Exchange Commission Chairman Mary Schapiro told the committee it too would review "issues" surrounding the IPO. Nasdaq OMX Group Inc. has said it would have put the brakes on the offering had its executives known the full extent of technical problems that occurred, including delayed trading and order cancellation problems. In a statement on Friday after the first day of trading, SEC spokesman John Nester said "as is our practice, staff will review the incident with Nasdaq to determine its cause and steps that will be taken to address it." -By Andrew Ackerman, Dow Jones Newswires; 202-569-8390; andrew.ackerman@dowjones.com

Stock News for Nasdaq Stock Market (NDAQ)
DateTimeHeadline
12/18/201415:40:20BATS Opposes NYSE Owner's Stock-Market Reform Plan
12/16/201417:23:24Hong Kong Pulls Into Second in IPOs
11/04/201410:47:50Who Will Buy KCG's Hotspot? -- Barron's
10/29/201413:16:53U.S. Stock Futures Pause as Fed Decision Looms
10/28/201417:24:57U.S. Stocks Rally; Dow Ends Above 17000
10/28/201416:14:08U.S. Stocks Rally
10/28/201414:49:21U.S. Stocks Trade Higher
10/24/201409:33:45U.S. Hot Stocks: Hot Stocks to Watch
10/22/201409:20:52U.S. Stock Futures Hover Near Even
10/21/201417:44:04U.S. Stocks Surge; Nasdaq Up 2.4%
10/20/201417:05:15U.S. Stocks Gain, but IBM Weighs on Dow
10/20/201412:55:14U.S. Stocks Mixed as IBM Drags Dow Down
10/01/201409:20:02U.S. Stock Futures Slip
09/25/201411:49:54U.S. Stocks Fall Sharply
09/22/201412:47:37U.S. Stocks Weighed Down by China
09/22/201411:34:31U.S. Stocks Remain Lower
09/05/201406:06:08China Stocks Link Offers Market-Tech Firms Opportunity
09/03/201412:35:55Tech Declines Cut Into U.S. Stock Market Gains
07/14/201418:41:07Correction to U.S. Stocks Story
07/14/201418:40:35U.S. Stocks End Up on Citigroup Earnings

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