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SEC, FINRA to review Facebook issues, Nasdaq sued
By Suzanne Barlyn and Ryan Vlastelica (Reuters) - Two top U.S. financial regulators said the issues around the initial public offering of Facebook should be reviewed, putting fresh pressure on the company, its embattled lead underwriter and the Nasdaq. After Friday's nearly flat close and Monday's 11 percent plunge, Facebook shares closed 8.9 percent lower at $31 on volume of 101 million shares.
By Suzanne Barlyn and Ryan Vlastelica (Reuters) - Two top U.S. financial regulators said the issues around the initial public offering of Facebook should be reviewed, putting fresh pressure on the company, its embattled lead underwriter and the Nasdaq. After Friday's nearly flat close and Monday's 11 percent plunge, Facebook shares closed 8.9 percent lower at $31 on volume of 101 million shares.
US STOCKS-Wall St ends flat after late volatility
* Weak materials, energy shares offset by financial strength
* Weak materials, energy shares offset by financial strength
US STOCKS-Wall St ticks higher, Facebook falls again
* Facebook at session low was off 20 pct from IPO price
* Facebook at session low was off 20 pct from IPO price
US STOCKS-Wall St gains on housing but rally ebbs
* Facebook shares hit again; off 20 pct from IPO price
* Facebook shares hit again; off 20 pct from IPO price
US STOCKS-Wall St gains on housing but rally ebbs
* Facebook shares hit again; off 20 pct from IPO price
* Facebook shares hit again; off 20 pct from IPO price
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