Nasdaq to pay $10 million to settle SEC charges from Facebook snafu

By means of Sarah N. Lynch WASHINGTON (Reuters) – Nasdaq OMX on Wednesday agreed to pay $10 million, the largest penalty ever levied against a inventory alternate, to settle civil expenses stemming from errors made all the way through Facebook's initial public offering ultimate year, U.S. securities regulators mentioned on Wednesday. In its administrative continuing towards the stock change operator, the U.S. Securities and Change Fee said Nasdaq's "unwell-fated choices" on the day of the IPO led to a collection of regulatory violations. …