UBS wants Nasdaq OMX (NDAQ -0.3%) to cover all losses associated with Facebook's bumbled IPO....


UBS wants Nasdaq OMX (NDAQ -0.3%) to cover all losses associated with Facebook's bumbled IPO. While Nasdaq and the SEC have agreed to a settlement under which a total of $62M will be spread between affected firms, UBS says the plan is "inadequate and insufficient." The bank wants full compensation in the amount of $350M and has filed an arbitration demand alleging "gross mishandling of the IPO." 
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  • SoldHigh
    , contributor
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    The ONLY way Nasdaq will learn is if they're stuck with the bill for their incompetence - the ONLY thing these firms care about is money so they must be hit where it'll make an impact.
    25 Mar 2013, 01:41 PM Reply Like
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