Nasdaq Talks Settlement in Facebook IPO
Nasdaq OMX Group Inc. is in preliminary talks with U.S. securities regulators over a potential settlement related to its botched handling of last year’s Facebook Inc. stock-market debut, according to people with knowledge of the discussions.
The social-networking company’s IPO was one of the most anticipated in years, and the technology errors that plagued the Nasdaq Stock Market that morning were widely considered a blow to investor confidence.