News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Nasdaq confronts liability on traders' losses in Facebook IPO

The exchange hopes to earmark at least $13m to resolve bad trades

Nasdaq OMX faced the fallout for mishandling Facebook's initial public offering, as irate brokers and traders demanded the exchange group make up losses they blamed on Friday's technical glitches.

Some investors waited until yesterday morning to hear whether their Facebook trades were ever completed, while others remained in the dark.

WSJ Logo