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Facebook IPO Deal Leaves Wall Street Seeing Red – Money Morning

This is a syndicated repost courtesy of Money Morning. To view original, click here. Reposted with permission. The U.S. Securities and Exchange Commission on Monday approved Nasdaq’s plan to pay $62 million in compensation to brokers for mishandling the Facebook IPO. The Nasdaq missteps during Facebook’s (Nasdaq: FB) debut cost Wall Street a collective $500…