SEC taking deeper look at Nasdaq's Facebook plan
Monday, November 12, 2012 5:42 AM
Posted by gamefbi
WASHINGTON (Reuters) - Securities regulators are taking a closer look at Nasdaq OMX's $62 million plan to compensate brokers who suffered losses from the exchange operator's botched handling of Facebook's initial public offering. The U.S. Securities and Exchange Commission said it was instituting proceedings to more closely review the plan in light of the "legal and policy issues raised" by other market players. "The Commission believes that questions are raised as to whether Nasdaq's accommodation proposal... ...
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