Back to Submissions

Letters

The Limitation of Liability

Issue

Equity Market Structure→

Summary

SIFMA provides comments to the Securities and Exchange Commission (SEC) on a Nasdaq proposal to amend Nasdaq Rule 4626, Limitation of Liability, File No. SR-NASDAQ-2012-090.  The proposal is in an effort to compensate its member firms for the effect of numerous systems and technical malfunctions that Nasdaq experienced during the May 18th, 2012, Initial Public Offering (IPO) of Facebook, Inc. (Facebook). SIFMA believes Nasdaq’s proposal raises significant policy and procedural issues that the SEC should take into consideration when ruling on the proposal.

PDF

Date

22

August

2012

More Submissions

Type:

Properties of the Village v. FTC

Court: U.S. Court of Appeals (Eleventh Circuit) Amicus Issue: Whether the FTC exceeded its statutory authority under the FTC Act…