SEC Completed Facebook IPO Inquiry in May; No Enforcement Action Recommended

by David Cohen
The Securities and Exchange Commission notified Facebook in May that its inquiry into the company's initial public offering was complete, and no enforcement action would be taken, the social network reported last week in its Form 10-Q filing with the SEC. Beginning May 22, 2012, multiple putative class actions, derivative actions and individual actions were filed in state and ...Read the full article