TITLE

Nasdaq pays $10m penalty after Facebook IPO disruption

AUTHOR(S)
Jackson, Gary
PUB. DATE
May 2013
SOURCE
Fundweb;5/30/2013, p3
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that the stock exchange Nasdaq will pay 10 million penalty after it has been accused for the systems disruption during the initial public offering (IPO) of Facebook Inc. The exchange operator agreed for the settlement of the charges without admitting or denying the allegations. Facebook's IPO took place on May 18, 2012 and was watched by investors.
ACCESSION #
88066941

 

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