On September 12th, the SEC designated October 30, 2012, as the date by which it will approve, disapprove, or institute disapproval proceedings concerning NASDAQ Stock Market's proposed accommodation policy for claims arising from system difficulties NASDAQ experienced during the initial public offering of Facebook, Inc. on May 18, 2012. NASDAQ proposes to accommodate members for losses attributable to the system difficulties in an aggregate amount not to exceed $62 million. SEC Release No. 34-67842.