{"id":29126,"date":"2012-05-23T07:18:34","date_gmt":"2012-05-23T11:18:34","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=29126"},"modified":"2012-05-23T07:26:45","modified_gmt":"2012-05-23T11:26:45","slug":"u-s-sec-finra-call-for-facebook-review-pressure-builds","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/05\/2012\/u-s-sec-finra-call-for-facebook-review-pressure-builds.html","title":{"rendered":"U.S. SEC, FINRA Call For Facebook Review, Pressure Builds"},"content":{"rendered":"<p>Reuters &#8211; Two top U.S. financial regulators called for a review of the initial public offering of Facebook last week, putting fresh pressure on the company, its embattled lead underwriter and the Nasdaq.<\/p>\n<p>After Friday&#8217;s [May 18] nearly flat close and Monday&#8217;s [May 21] 11 percent plunge, Facebook shares were down 8 percent at $31.28 in late afternoon trading Tuesday [May 22] on heavy volume of 88 million shares. At that price the company has shed more than $17 billion in market capitalization from its $38-per-share offering price last week.<\/p>\n<p>&#8220;The allegations, if true, are a matter of regulatory concern&#8221; to the Financial Industry Regulatory Authority and to the SEC, FINRA&#8217;s Rick Ketchum told Reuters.<\/p>\n<p><a href=\"http:\/\/www.hedgeworld.com\/open_news\/read_newsletter_aa.cgi?section=dail&amp;story=dail20698.html\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters &#8211; Two top U.S. financial regulators called for a review of the initial public offering of Facebook last week, putting fresh pressure on the company, its embattled lead underwriter and the Nasdaq. After Friday&#8217;s [May 18] nearly flat close [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-29126","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/29126","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=29126"}],"version-history":[{"count":3,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/29126\/revisions"}],"predecessor-version":[{"id":29128,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/29126\/revisions\/29128"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=29126"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=29126"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=29126"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}