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Strategies & Market Trends : The Final Frontier - Online Remote Trading

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To: TFF who started this subject1/27/2004 11:14:03 AM
From: supertip   of 12617
 
Nasdaq to Pay $6,000 to Traders Who Lost - hedge funds also sueing

Nasdaq Stock Market Inc. has been ordered to pay more than $6,000 to two
independent traders who complained of losses resulting from Nasdaq's handling of
erratic trading in Corinthian Colleges Inc. The award sum may seem small for
Nasdaq, but a number of other market participants are also seeking damages via
lawsuits, and some have said they lost much more in the Dec. 5 trading incident. One
hedge-fund official, for example, said he suffered "high seven-digit losses."

miami.com
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