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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
05/02/201616:15:00Nasdaq Completes Acquisition of Boardvantage
05/02/201611:20:00Acacia Communications Sets IPO Range of $21-$23 a Share
05/02/201610:00:00America First Multifamily Investors, L.P. (Nasdaq: ATAX) to Ring...
05/02/201610:00:00Exactech Inc. (Nasdaq: EXAC) to Ring The Nasdaq Stock Market...
04/29/201610:00:00PB Bancorp, Inc. (Nasdaq: PBBI) to Ring The Nasdaq Stock Market...
04/29/201610:00:00Cytokinetics, Inc. (Nasdaq: CYTK) to Ring The Nasdaq Stock Market...
04/28/201611:46:24Texas Comptroller to Ring The Nasdaq Stock Market Closing Bell
04/28/201611:46:24Standard Life Investments and The Ryder Cup to Ring The Nasdaq...
04/28/201611:46:21Nasdaq Reports Record Quarterly Non-GAAP Diluted Earnings Per...
04/28/201611:46:20Yintech Investment Holdings Limited (Nasdaq: YIN) to Ring The...
04/28/201611:46:15Nasdaq Announces Mid-Month Open Short Interest Positions in Nasdaq...
04/28/201611:46:14Collision Conference to Ring The Nasdaq Stock Market Closing...
04/28/201611:46:10Nasdaq Launches New Quality Assurance Platform, Nasdaq Validator 
04/28/201611:46:08Nasdaq Scheduled Resumption in SkyPeople Fruit Juice, Inc.
04/28/201611:46:06Churchill Downs Incorporated (Nasdaq: CHDN) to Ring The Nasdaq...
04/28/201611:46:06Voyager Therapeutics (Nasdaq: VYGR) to Ring The Nasdaq Stock...
04/28/201611:46:02Empire Startups FinTech Conference to Ring The Nasdaq Stock Market...
04/28/201610:00:00Trillium to Ring the Nasdaq Stock Market Closing Bell
04/28/201603:02:00Finance Watch -- WSJ
04/27/201613:04:24Nasdaq Welcomes Yintech Investment Holdings Limited (Nasdaq:...

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