 |
|
|
The unit's losses were in addition to claims by market makers Knight Capital Group and Citadel Securities, which each had losses of $30 million to $35 million.
UBS AG, the other large market maker involved in the IPO of the social networking company on May 18, has not disclosed any losses.
Nasdaq asked firms
to detail estimates of losses by Monday night. After that, the
Financial Industry Regulatory Authority will evaluate the filings and
put out a report on the matter in about four weeks, two sources said.
A technical glitch delayed Facebook's IPO [FB 31.91 
-1.12 (-3.39%) 
]
by 30 minutes and many client orders were delayed, giving some
investors and traders significant losses as the stock price dropped.
-1.12 (-3.39%) ]
by 30 minutes and many client orders were delayed, giving some
investors and traders significant losses as the stock price dropped.
The exchange operator is facing lawsuits from investors and threats of legal action from brokers.
No comments:
Post a Comment