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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
12/09/201620:00:00Annual Changes to the NASDAQ-100 Index
12/09/201616:27:01Statement of Changes in Beneficial Ownership (4)
12/09/201616:05:00Nasdaq Announces End-of-Month Open Short Interest Positions in...
12/09/201610:00:00Sallie Mae (Nasdaq: SLM) to Ring The Nasdaq Stock Market Opening...
12/09/201610:00:00Synergy Pharmaceuticals Inc. (Nasdaq: SGYP) to Ring The Nasdaq...
12/08/201616:05:00Delisting of Securities of Ultrapetrol (Bahamas) Limited, Erickson...
12/08/201610:00:00Bloomberg Rings The Nasdaq Stock Market Closing Bell
12/08/201610:00:00Kewaunee Scientific Corporation [KEQU] to Ring The Nasdaq Stock...
12/07/201619:20:00Judge Casts Doubt on CFTC's Manipulation Case Against Trader
12/07/201619:20:00Postelection Rally Lifts Stocks to New Heights
12/07/201617:14:20The Emma Bowen Foundation to Ring The Nasdaq Stock Market Closing...
12/07/201616:21:00Statement of Changes in Beneficial Ownership (4)
12/07/201612:52:17United Nations Development Programme (UNDP) to Ring The Nasdaq...
12/06/201623:40:00Asia Stocks Higher, Australia Bucks Negative Growth Report
12/06/201616:30:00Nasdaq November 2016 Volumes
12/06/201612:40:00Heads of J.P. Morgan, Bank of America Say FICC Stronger
12/06/201610:00:00Code.org to Ring The Nasdaq Stock Market Opening Bell
12/06/201610:00:00Houghton Mifflin Harcourt (Nasdaq: HMHC) to Ring The Nasdaq Stock...
12/06/201601:40:00Asian Shares Broadly Up, Tracking U.S. Gains
12/05/201617:37:46Statement of Changes in Beneficial Ownership (4)

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