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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
08/25/201617:46:24Statement of Changes in Beneficial Ownership (4)
08/25/201610:00:00Aperture Foundation to Ring The Nasdaq Stock Market Opening Bell
08/25/201610:00:00Freshpet, Inc. (Nasdaq: FRPT) to Ring The Nasdaq Stock Market...
08/24/201616:05:00Nasdaq Announces Mid-Month Open Short Interest Positions in Nasdaq...
08/24/201610:00:00Ambassador Dr. Maleeha Lodhi as Chief Guest of Pakistan American...
08/24/201610:00:00American Red Cross to Ring the Nasdaq Stock Market Opening Bell
08/23/201610:00:00TransAct Technologies Incorporated (Nasdaq: TACT) to Ring The...
08/23/201610:00:00Hope Bancorp, Inc. (Nasdaq: HOPE) to Ring The Nasdaq Stock Market...
08/22/201610:00:00Silicon Labs (Nasdaq: SLAB) to Ring The Nasdaq Stock Market Opening...
08/22/201610:00:00Oritani Financial Corp. (Nasdaq: ORIT) to Ring The Nasdaq Stock...
08/21/201622:10:00China 'Selfie' App-Maker Meitu Plans Up to $1 Billion Hong Kong...
08/19/201616:07:46Statement of Changes in Beneficial Ownership (4)
08/19/201610:00:00Xact’s ETFs to Ring The Nasdaq Stock Market Opening Bell
08/19/201610:00:00Edge Therapeutics, Inc. (Nasdaq: EDGE) to Ring The Nasdaq Stock...
08/18/201614:50:00U.S. May Finally Get a Peek at the Books of Alibaba, Baidu
08/18/201612:24:16American Airlines (Nasdaq: AAL) to Ring The Nasdaq Stock Market...
08/18/201610:00:00Memorial Resource Development Corp. (Nasdaq: MRD) to Ring The...
08/18/201609:00:18Nasdaq Extends Market Surveillance Contract with BM&FBOVESPA
08/18/201609:00:00Nasdaq Extends Market Surveillance Contract with BM&FBOVESPA
08/17/201617:11:07Statement of Changes in Beneficial Ownership (4)

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