SEC fines Nasdaq $10M over Facebook IPO
The SEC is charging the American stock exchange with a $10 million penalty over poor decisions made as well as systems set up during the IPO and secondary trading scheme for shares of the world's largest social network.
According to the government agency itself, this is the largest penalty ever slapped against an exchange.
The SEC issued a memo on Wednesday detailing the rationale behind the decision. Here'… Read more
