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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
02/11/201610:00:00The U.S. Small Business Administration to Ring The Nasdaq Stock...
02/11/201608:24:41Proteostasis Therapeutics Inc. (Nasdaq: PTI) to Ring the Nasdaq...
02/10/201614:43:41Comcast Corporation (Nasdaq: CMCSA), NBCUniversal and E! to Ring...
02/10/201610:32:21Amended Statement of Ownership (sc 13g/a)
02/10/201610:28:51Amended Statement of Ownership (sc 13g/a)
02/10/201607:36:03Danske Capital to Ring The Nasdaq Stock Market Opening Bell
02/09/201616:30:002016 Nasdaq Investor Day
02/09/201616:17:21Statement of Changes in Beneficial Ownership (4)
02/09/201616:16:01Statement of Changes in Beneficial Ownership (4)
02/09/201616:05:00Nasdaq Announces End-of-Month Open Short Interest Positions in...
02/09/201610:00:00Zillow Group (Nasdaq: Z and ZG) to Ring The Nasdaq Stock Market...
02/09/201610:00:00Nasdaq President & COO Adena Friedman to Present at 2016 Credit...
02/08/201615:20:00U.S. Financial Stocks Fall
02/08/201611:20:00Orchestra-Premaman Boosts Cash in Destination Maternity Offer
02/08/201610:54:01Comcast Corporation (Nasdaq:CMCSA), USA Network and The Westminster...
02/08/201610:00:00The Legg Mason ETF Funds (Nasdaq: DDBI, UDBI, EDBI, LVHD) to...
02/08/201609:00:00The Nasdaq Stock Market® Kicks Off the New Year With Strong...
02/05/201614:24:37The Chinese Consulate General in New York to Ring The Nasdaq...
02/04/201618:05:23SpareBank 1 SMN to Ring The Nasdaq Stock Market Closing Bell
02/04/201616:30:00Nasdaq January 2016 Volumes

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