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>> UBS AG Latest News

MAR 25, 2013 - Washington Business Journal

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SEC OKs Nasdaq payback plan for Facebook IPO

The Securities and Exchange Commission has approved Nasdaq OMX Group's plan to pay $62 million in compensation to investors who lost money in the botched Facebook IPO. Technical glitches for Facebook's (NASDAQ: FB) May 18 initial public offering prevented order confirmations from being sent out on time. The $62 million in compensation is far less than the $500 million-plus that investors estimate they lost. UBS AG has put its losses at more than $350 million. Other firms that took losses include…

Tags: SEC OKs Nasdaq payback plan for Facebook IPO,  Ubs Ag Latest News