Saturday, December 13, 2025 | 01:59 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

US regulators approve plan for lost money in Facebook IPO

The decision from the US Securities and Exchange Commission was in response to a series of high-profile glitches last year that shook the market

Reuters New York

US regulators approved on Monday a plan to compensate market makers who lost money in a botched Facebook Inc public offering on Nasdaq OMX Group Inc's Nasdaq exchange.

The decision from the US Securities and Exchange Commission was in response to a series of high-profile glitches last year that shook the market, including the handling of Facebook's long-anticipated initial public offering on May 18, 2012.

 

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Mar 25 2013 | 6:09 PM IST

Explore News