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SEC OKs $62M Payout For Facebook Loss From Nasdaq Glitch

By Eric Hornbeck (March 25, 2013, 12:55 PM EDT) -- Nasdaq OMX Group Inc. can pay up to $62 million to compensate brokers who lost money in Facebook Inc.'s initial public offering because of the exchange's technical problems, the U.S. Securities and Exchange Commission said Friday, although Citibank Inc. and others had deemed the figure too low.  ...

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