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Facebook IPO Proves Need for Overhaul: Lawmakers

Darrell Issa raises concerns for small investors

By Matt Cantor,  Newser Staff

Posted Jun 21, 2012 5:08 PM CDT

(Newser) – Lawmakers led by Rep. Darrell Issa have penned a letter to the SEC urging an overhaul of the IPO system, saying Facebook's shaky public offering underlines the raw deal handed to small investors, the Wall Street Journal reports. The Republican House Oversight chair wrote...   Read full story »

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