Nasdaq says FINRA caps Facebook IPO claims at $41.6 million

By Sarah N. Lynch WASHINGTON (Reuters) - The total value of the claims that market makers can recover after suffering losses due to Nasdaq OMX Group Inc's botched handling of Facebook Inc's initial public offering is $41.6 million, the exchange operator said Friday. The claims figure, which was calculated by Wall Street's industry-funded watchdog the Financial Industry Regulatory Authority, falls short of the $62 million that Nasdaq had initially set aside to repay brokerages that lost money. ...

via Tech News Headlines - Yahoo! News http://news.yahoo.com/nasdaq-says-claims-facebook-ipo-capped-41-6-173444397--sector.html