Arab Today, arab today senator calls facebook ipo specious
Last Updated : GMT 05:43:04
Arab Today, arab today
Arab Today, arab today

Senator calls Facebook IPO specious

Arab Today, arab today

Arab Today, arab today Senator calls Facebook IPO specious

Washington - UPI

U.S. Sen. Richard Blumenthal, D-Conn., says Facebook\'s initial public offering is the \"poster child,\" for practices on Wall Street that favor big investors. \"This IPO is a poster child for all that\'s wrong with current practices,\" Blumenthal said in an interview, The Washington Post reported Saturday. The Securities and Exchange Commission has not confirmed or denied that it is conducting an investigation into the Facebook IPO that was marred by technical problems, including a 30 minute delay and difficulty for traders to confirm transactions on the day of Facebook\'s public debut. Areas of concern include underwriter Morgan Stanley giving one set of information on Facebook\'s revenue forecast to one set of investors and holding that information back from others, the Post reported. \"You wonder, isn\'t there something wrong with this picture? Where the underwriters selectively pick (who should receive) information, then the public is not only permitted but encouraged to participate?\" Blumenthal asked. Morgan Stanley\'s Chief Executive Officer James Gorman has insisted that the firm followed established rules throughout the IPO. Some, however, say the case provokes new questions, including whether or not the recently passed JOBS Act went too far by allowing companies with under $1 billion in revenue a separate set of rules about what must be disclosed before an IPO compared to larger companies. The law was supposed to make it easier for smaller companies to go public. \"I voted against the JOBS Act, and the Facebook IPO may be Exhibit A why we need to revisit some of the issues that were given so little attention,\" Blumenthal said.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today senator calls facebook ipo specious Arab Today, arab today senator calls facebook ipo specious

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today senator calls facebook ipo specious Arab Today, arab today senator calls facebook ipo specious

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 23:13 2017 Sunday ,18 June

New ransomware virus attacking mobiles in Oman
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday