Match Group falls as senators press on romance scams

** Match Group MTCH.O stock declining 1.1% after two U.S. senators sent letter urging Tinder owner to address dating scams on its platforms, seek info on fraud detection efforts
** Democratic Senator Maggie Hassan and Republican Senator Marsha Blackburn ask MTCH to provide docs on policies, procedures for preventing romance scams, citing risks to users
** MTCH says it has invested in advanced fraud detection, safety features and partnerships to improve platform security
** MTCH's shares up 12% YTD, lagging Nasdaq .IXIC, which is up 16%
** MTCH recently traded at 14x expected earnings, well below 5-yr avg forward PE of 30