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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
07/01/201522:40:49ASX Selects Nasdaq's Post-Trade Risk Technology to Manage Its...
06/30/201508:01:18Nasdaq's BWise Launches Sarbanes-Oxley Software Solution for...
06/30/201500:20:13Cheil Industries Promises Better Dividends if Merger Approved
06/29/201507:01:13Nasdaq Launches Index Calculation System for Marketplaces
06/26/201517:59:01Nasdaq Closing Cross Calculates U.S. Russell Indexes for the...
06/24/201516:34:07U.S. Stocks Fall on Greece Worries
06/24/201515:20:06U.S. Stocks Fall on Greece Worries
06/24/201515:16:17U.S. Stocks Fall on Greece Worries
06/24/201509:01:28Nasdaq and Chain to Partner on Blockchain Technology Initiative
06/24/201509:00:03U.S. Stock Futures Fall
06/24/201509:00:00Nasdaq Migrates Disaster Recovery to Equinix's Chicago Data Center
06/23/201509:30:07U.S. Stock Futures Rise
06/23/201509:02:21Nasdaq Lists Two New ProShares ETFs
06/22/201503:36:34PSE Announces Successful First Day Trading Under PSEtrade XTS
06/19/201510:45:33Nasdaq Appoints Stacie Swanstrom to Lead Global Corporate Solutions...
06/19/201509:00:03U.S. Stock Futures Edge Higher
06/18/201516:11:25Statement of Changes in Beneficial Ownership (4)
06/16/201516:04:04Statement of Changes in Beneficial Ownership (4)
06/16/201516:03:38Statement of Changes in Beneficial Ownership (4)
06/12/201508:50:06U.S. Stock Futures Fall

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