SEC clears Nasdaq’s Facebook payout
Posted: March 26, 2013 at 3:34 a.m.
Regulators have cleared Nasdaq OMX Group Inc.’s plan to pay $62 million to compensate brokers for its mishandling of Facebook Inc.’s public debut, dealing a defeat to Wall Street firms that say they lost many times that amount.
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Business, Pages 23 on 03/26/2013