Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

SEC Will Review Facebook Trade Reporting Problems at Nasdaq

SEC Will Review Facebook Trade Reporting Problems at Nasdaq
The Facebook Inc. logo at the Nasdaq MarketSite in New York. Photographer: Scott Eells/Bloomberg

The U.S. Securities and Exchange Commission said it will review problems Nasdaq OMX Group Inc. said it had reporting trades in Facebook Inc. during its first day as a publicly traded company.

“As is our practice, staff will review the incident with Nasdaq to determine its cause and steps that will be taken to address it,” John Nester, an SEC spokesman, said in an e-mailed statement today.

The pricing of the first transaction following yesterday’s $16 billion stock sale took a half hour longer than Nasdaq’s forecast. About 40 minutes later, the second-largest U.S. equities exchange operator said it was investigating an issue in reporting trades from the opening auction back to the brokerages that made them. Nasdaq later said it delivered the messages.

The SEC routinely reviews reports of trading disruptions.

Rob Madden, a spokesman for Nasdaq OMX, didn’t immediately respond to a request for comment.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.