Monday, March 25, 2013

Drop in Facebook stock a good thing for some investors today

Regulators today approved of a plan to compensate market makers who lost money in the botched Facebook Inc. (FB) IPO in May on the Nasdaq exchange.

Nasdaq, a unit of Nasdaq OMX Group Inc. (NDAQ), has offered a revised $62 million settlement to those brokerages that lost money.

The decision from the U.S. Securities and Exchange Commission was in response to a series of high-profile glitches last year that shook the market, including the handling of Facebook's long-anticipated initial public offering. 

This is welcome news to initial investors, however it has caused share price to dip by 2%.

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