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

|About: UBS Group AG (UBS)|By:, SA News Editor
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."