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2012-06-02 07:58:09

Technological glitches that helped taint Facebook's $16 billion initial public offering last month have some investors miffed at Nasdaq, and some are arguing that the U.S.-based stock exchange isn't going enough to soothe the hard feelings or ease the concerns of jilted investors. In a June 1 article, Reuters reporter John McCrank wrote "the exchange has done little to conciliate market making clients - a number of which lost tens of millions of dollars each due to the trading problems"...


Word of the Day
barratry
  • The offense of persistently instigating lawsuits, typically groundless ones.
  • An unlawful breach of duty on the part of a ship's master or crew resulting in injury to the ship's owner.
  • Sale or purchase of positions in church or state.
This word ultimately comes from the Old French word 'barater,' to cheat.
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