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Nasdaq Confronts Liability on Traders’ Losses in Facebook IPO

Published on May 21, 2012
by Jacob Bunge and Brett Philbin

Nasdaq OMX Group Inc. faced the fallout for mishandling Facebook Inc.’s initial public offering, as irate brokers and traders demanded the exchange company make up losses they blamed on Friday’s technical glitches.

Some investors waited until Monday morning to hear whether their Facebook trades were ever completed, while others remained in the dark.

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