Wednesday, May 29, 2013

Breaking News -- SEC fines Nasdaq $10M for botched Facebook IPO

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***USATODAY.com Breaking News***
The Securities and Exchange Commission has charged the Nasdaq with violating securities laws during the May 2012 IPO of Facebook, hitting it with a $10 million fine, the largest charged to an exchange. Facebook, the No. 1 social networking site that went public a year ago, was plagued with trading errors and problems at the start. Initial trading was delayed and even once trading began, buyers faced long delays finding out if their orders went through and at what price.
For more on this story, go to http://usat.ly/15iXZ3g.


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