美国证交会的调查结果可能会令Facebook有些恼怒，甚至有可能导致二级市场估值下跌，却并不会直接导致Facebook的首次公开募股。

The SEC investigation's outcome might ruffle some Facebook feathers — and even cause secondary market valuations to fall — but will not directly precipitate an IPO.

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金融市场面临的影响将会是最大的，尤其是对于不通过交易所而直接售给顾客的金融衍生品、流水套期保值和私募股权基金。

The most dramatic effects will probably be felt on capital-markets activities, especially in over-the-counter derivatives and in running hedge and private equity funds.

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