Citigroup critical of Nasdaq over Facebook in letter to SEC, WSJ reports

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C51.00
NDAQ30.98
FB25.159

In a letter to the SEC, Citigroup (C) called for a rejection of Nasdaq OMX Group's (NDAQ) plan to make up some losses for firms involved in the exchange operator's handling of Facebook's (FB) IPO in May, reports the Wall Street Journal. The bank charged that Nasdaq was "hasty" and "self-interested" in its management of the IPO.

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