Nasdaq OMX Group filed a motion with the U.S. District Court in New York arguing that the exchange should be shielded from legal action due to its role as a self-regulatory organization. "SRO immunity protects Nasdaq from liability for claims relating to its allegedly negligent handling of the commencement of trading in Facebook stock and alleged misrepresentations because all of those claims arise out of Nasdaq's regulatory functions," Nasdaq said in its court filing. Save the date: Oct. 17 for the SIFMA Market Structure Conference.

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