The Securities and Exchange Commission is reportedly looking into the growing trading of shares of Silicon Valley companies including Facebook Inc. on private markets.
The New York Times cited unnamed sources who said the SEC has sent information requests to some participants involved in the buying and selling of stock the social networking giant, as well as Twitter Inc., LinkedIn Corp. and Zynga.
The paper said it isn't clear what the SEC is interested in regarding the trades.
Private sales of stock of companies that haven't gone public has been growing on exchanges, including New York-based SecondMarket.
The Times reported that some New York brokerage firms have started forming investment pools to buy the shares, as well.
The Wall Street Journal reported Tuesday that trading in Facebook has surged in the past month on private exchanges, with the social networking company's valuation rising as high as $56 billion.
SecondMarket said it expects to execute about $400 million in trades involving about 40 private companies this year, four times the volume it saw in its first year in 2009.
The New York Times cited unnamed sources who said the SEC has sent information requests to some participants involved in the buying and selling of stock the social networking giant, as well as Twitter Inc., LinkedIn Corp. and Zynga.
The paper said it isn't clear what the SEC is interested in regarding the trades.
Private sales of stock of companies that haven't gone public has been growing on exchanges, including New York-based SecondMarket.
The Times reported that some New York brokerage firms have started forming investment pools to buy the shares, as well.
The Wall Street Journal reported Tuesday that trading in Facebook has surged in the past month on private exchanges, with the social networking company's valuation rising as high as $56 billion.
SecondMarket said it expects to execute about $400 million in trades involving about 40 private companies this year, four times the volume it saw in its first year in 2009.
Related Articles
