Facebook IPO Aftermath: Nasdaq-FINRA Relationship Faces Scrutiny
Nasdaq continues to catch heat for its role in Facebook’s troubled initial public offering, but the glare is starting to shine on the Financial Industry Regulatory Authority, as well.
Nasdaq continues to catch heat for its role in Facebook’s troubled initial public offering, but the glare is starting to shine on the Financial Industry Regulatory Authority, as well.
Reuters reported that the relationship between the exchange and the regulator is being called into question on Wall Street due to Nasdaq asking FINRA to review its proposed payouts to traders and investors to make good for its technical issues when the Facebook IPO launched May 18.
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