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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
05/17/201300:10:11U.S. Regulators Target Exchanges
05/16/201311:10:15Nasdaq's Options Market Has 'Issues,' Halts Some Trading
05/16/201310:47:10Nasdaq's PHLX Options Market Has 'Issues,' Halts Some Trading
05/13/201314:00:10NYSE Keeps Options Open to Exit Euronext
04/19/201316:00:12WEEK AHEAD: Tech, Energy, Defense to Report Earnings Next Week
04/16/201313:40:07U.S. Exchanges Call for New Dark Pool Curbs
04/12/201300:20:24Nasdaq Cut CEO's Bonus on Facebook IPO Issues
04/11/201323:09:22Nasdaq Cut CEO Greifeld's 2012 Bonus by $542,000 After Facebook...
04/11/201313:10:04ISE Targets Launch for New Options Exchange
04/11/201312:48:21ISE Targets 2nd-Quarter Launch for New Options Exchange
04/08/201321:50:22Citigroup to File Facebook Claim
04/08/201316:38:13Citigroup To File Facebook Claim, Undecided On Suing Nasdaq -Sources
04/02/201316:40:13MARKET SNAPSHOT: Dow And S&P 500 Close At Record Highs
04/02/201315:16:22MARKET SNAPSHOT: U.S. Stock Rally Pushes Dow To Intraday Record
04/02/201311:19:57MARKET SNAPSHOT: U.S. Stocks Rise As Health Insurers Rally
04/02/201310:11:09MARKET SNAPSHOT: U.S. Stocks Rise As Car Makers Report Sales
04/02/201309:18:31U.S. HOT STOCK FUTURES: HOT STOCKS TO WATCH
04/01/201317:20:31Nasdaq OMX to Acquire eSpeed Platform
03/28/201311:20:10CME, Nasdaq In High-Speed Network Venture
03/25/201309:21:52SEC Approves Nasdaq's $62 Million Facebook IPO Compensation Plan

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