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Congress Looking Into Facebook IPO


U.S. lawmakers are also looking into issues with Facebook's initial public offering.
The Senate Banking Committee says its staff will meet with Facebook officials, regulators and other stakeholders. A spokeswoman for the House Financial Services Committee says staff members are being briefed on the issue and the topic will likely be raised in hearings.
The Securities and Exchange Commission and the Financial Industry Regulatory Authority, Wall Street's investigative arm, have also called for a review of Facebook's IPO.
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