Nasdaq has $40M to pay FB investors
Jun 6, 2012 / 11:17 am
The Nasdaq stock exchange says it will set aside $40 million to reimburse investors ensnared by technical problems on Facebook's first day of trading.
FINRA, the financial industry's self-regulatory group, will review investors' claims for compensation.
Computer glitches on Facebook's first day of trading May 18 kept some investors from buying or selling shares and delayed the initial trades in the stock by half an hour.
Nasdaq says it will reimburse investors who tried to sell shares at $42 or less but either couldn't sell or sold at a lower price than they intended. It will also reimburse investors for purchases priced at $42 that weren't immediately confirmed. The stock initially priced at $38.
Nasdaq says the problems have been fixed. It has hired IBM to review its operating systems.
Read more Business News
|QHR Technologies Inc||0.61||0.00|
|Anavex Life Sciences||0.735||0.00|
|Copper Mountain Mining||1.79||-0.02|
With so many choices and variables, how do you find the perfect fit? Before you start your search, it’s a good idea to narrow down the playing field by looking at what would fit you best. Here&r...
My closest partner is my wife and this week I just wanted to share some of our work from her perspective, as she is more of a "thinker" than me, and I wanted to share our activities and goa...
Photo: ContributedAn artist's rendering of the finished SOPA square.This is good news for Kelowna and the valley. Penticton’s Greyback Construction has signed a management contract with the...
- Asian markets down over concerns
- Global energy companies 'dead serious' about B.C. natural gas, says minister
- Teletoon Canada plans to air 'Inspector Gadget' reboot
- TSX drops in early market trading
- Canadian dollar takes a hit
- Apple unveils music streaming service
- What's up Apple?
- Canadian dollar rises on job report
- Tom Cruise backs Wal-Mart
- Royal Bank to edge up mortgage rates
- Loonie surges, stocks to open higher
- Canada adds 95,000 jobs in May