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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
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06/29/201610:00:00The New York Society of Security Analysts (NYSSA) to Ring The...
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06/28/201610:00:00CorVel (Nasdaq: CRVL) to Ring The Nasdaq Stock Market Opening...
06/28/201610:00:00Earthport Plc to Ring The Nasdaq Stock Market Closing Bell
06/28/201608:00:00Diversified Investments Stocks Review - Ares Capital, Nasdaq...
06/27/201610:00:00Automatic Data Processing, Inc. (Nasdaq: ADP) to Ring Nasdaq...
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06/26/201621:10:00Asia Stocks Prepare For More Volatility
06/24/201618:00:00Medpace Files for IPO
06/24/201617:09:15Nasdaq Closing Cross Calculates U.S. Russell Indexes for the...
06/24/201616:46:02Nasdaq Closing Cross Calculates U.S. Russell Indexes for the...
06/24/201616:05:00Nasdaq Announces Mid-Month Open Short Interest Positions in Nasdaq...

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