Friend This: Why Those Damaged During the Facebook IPO Will Recover (Almost) Nothing from NASDAQ.

The article discusses the reported reasons why those people who were apparently damaged during social networking company Facebook Inc.'s initial public offering (IPO) in 2012 will likely recover almost nothing from NASDAQ, focusing on self-regulatory organization (SRO) liability in America under the U.S. Securities Exchange Act of 1934. The absolute immunity legal doctrine is addressed, along with for-profit business activities and U.S. Securities and Exchange Commission regulations.