On March 22nd, the SEC approved The NASDAQ Stock Market's proposal for compensating market participants for certain claims related to system difficulties experienced in connection with the initial public offering of Facebook in an amount not to exceed $62 million. SEC Release No. 34-69216. On March 26th, the Los Angeles Times reported that the SEC's approval will not prohibit other actions against NASDAQ. Future Actions. On March 27th, Reuters reported that NASDAQ has extended the deadline to apply for compensation to April 8, 2013. Extension.