Nasdaq (NDAQ) May End up Paying Fraction of Losses from Facebook (FB) IPO

February 6, 2013 10:00 AM EST
Nasdaq OMX (Nasdaq: NDAQ) is lower on the session amid reports that it might be in discussions with the U.S. SEC over possible settlement of the botched Facebook (Nasdaq: FB) IPO.

According to the WSJ, glitches on the highly-anticipated public offering amounted to erroneous trades, costing initial investors and traders up to $500 million in losses. However, Nasdaq OMX might end up paying just a percentage of that number.

Nasdaq and the SEC might come to an agreement for Nasdaq to pay a $5 million penalty. In addition, Nasdaq has agreed to compensate customers about $62 million tied to the Facebook IPO losses.

Federal regulations and Nasdaq's own rules helped in limiting losses to the exchange. Shares are down 0.5 percent Wednesday.

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