The Financial Times reports Nasdaq faces an SEC fine of up to $10 million for its role in the Facebook IPO debacle.
The Financial Times reports Nasdaq faces an SEC fine of up to $10 million for its role in the Facebook IPO debacle.
“News of the possible…fine comes as the exchange is set to pay up to $62m to aggrieved brokers, who have claimed large losses because of system failures on Nasdaq during the Facebook IPO last May,” the report notes.
Read more here.
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