[DigitalSea]

As the article points out, technical glitches are covered in the rules. When you invest you accept these rules, if the hedge fund manager has a problem with the rules then he should not be investing. Therefore no rules were broken as the article points out, it's a stock exchange they aren't dumb they know how to cover their bases (they're bankers after all). He isn't the only one affected by this situation.

The bottom line is he would have lost money regardless of NASDAQ's handling of the situation, Facebook stock flopped. This guy needs to cut his losses and take it like a man, he isn't the only one who invested in Facebook stock and lost out, I wouldn't rule out others losing larger sums of money too ashamed to even anonymously come forward.

It might sound spiteful, but it's life. Unexpected things happen like these and there's nothing that can be done. I'm sure the SEC will be investigating everything shortly anyway, so we'll see what happens (if any action is taken, which is possible).

[Locke1689]

If NASDAQ knew there were problems but continued anyway that may actually not be covered in the rules.

[DigitalSea]

Well if that is the case (and at present everything is speculation) then the SEC will find out one way or another I hope, because if NASDAQ knowingly knew shiz was about to go down and didn't give a warning to investors, then the SEC will hopefully be all over NASDAQ like prisoners on a new inmate in San Quentin State Prison.