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Nasdaq Aims to Pay Up in SEC Facebook Probe

Published on April 24, 2013
by Jenny Strasburg

Nasdaq OMX Group Inc. plans to set aside $10 million in anticipation of settling a regulatory investigation into its handling of Facebook Inc.’s stock-market debut, according to people familiar with Nasdaq internal discussions.

The move follows months of back-and-forth between the exchange operator and the Securities and Exchange Commission over technical errors that plagued Facebook’s public offering on the Nasdaq Stock Market almost a year ago.

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