Facebook Ipo Flop Drawing Increased Scrutiny

Regulators wonder whether Wall Street insiders heard data the public did not before stock trading began.As Facebook shares continued their slide, regulators launched inquiries into whether privileged Wall Street insiders were alerted to the company's weakening financial projections, leading them to shun the stock or dump shares just as buying was opened to the public.

Topics:  facebook   wall street   regulators   public   insiders   shares   stock   
BING NEWS:
  • Congressional committees looking into Facebook IPO problems
    WASHINGTON -- Two congressional committees are looking into the troubled initial public ... investigation or set hearings to specifically address concerns raised about the IPO, the aides said. “Effective capital markets require transparency and ...
    05/23/2012 - 10:51 am | View Link
  • Facebook IPO flop drawing increased scrutiny
    As Facebook shares continued their slide, regulators launched inquiries into whether privileged Wall Street insiders were alerted to the company's weakening financial projections, leading them to shun the stock or dump shares just as buying was opened to ...
    05/22/2012 - 4:50 pm | View Link
  • Morning Links: Facebook Shows Lack of Trust On Wall Street
    Fortune Facebook IPO flop drawing increased scrutiny — LA Times Zuckerberg bombshell: Did Facebook bankers secretly slash forecasts before IPO? — The Daily Beast The Facebook Face-Plant: “Nobody put a gun to their heads” — Jeff Matthews Drachma ...
    05/22/2012 - 1:00 pm | View Link
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