Home Breadcrumb caret Industry News Breadcrumb caret Industry Nasdaq facing $10m fine for Facebook flop The Financial Times reports Nasdaq faces an SEC fine of up to $10 million for its role in the Facebook IPO debacle. By Staff | April 25, 2013 | Last updated on April 25, 2013 1 min read The Financial Times reports Nasdaq faces an SEC fine of up to $10 million for its role in the Facebook IPO debacle. Read: Nasdaq in joint venture to tap private markets “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. Also read: Nasdaq approves $40-million Facebook compensation Nasdaq increases fixed-income exposure Staff The staff of Advisor.ca have been covering news for financial advisors since 1998. Save Stroke 1 Print Group 8 Share LI logo