The Financial Industry Regulatory Authority has finished its assessment of claims related to the botched IPO of Facebook Inc (NASDAQ:FB). The regulator says that there is $41.6 million in valid claims resulting from the public offering. News that Finra had completed its assessment of the claims and the value of them came from Nasdaq OMX Group Inc. (NASDAQ:NDAQ) this afternoon.

NASDAQ Facebook

Nasdaq OMX Group Inc. (NASDAQ:NDAQ) says that members of The NASDAQ Stock Market LLC will receive compensation based on an analysis by staff at Finra. Claims covered by the ruling cover sell orders placed between 11:11 a.m. and 11:30 a.m. on May 18, 2012 at $42 or less that did not execute, and those placed at $42 or less that executed below $42.

Buy orders covered will include those placed at $42 that were executed but not immediately confirmed, and a complex category of orders placed at $42 or above, but not confirmed, and cancelled before 1:50 PM.

Facebook IPO problems

Facebook Inc (NASDAQ:FB) went public in May of 2012. On the day of the offering there were software problems on the NASDAQ exchange that caused orders to be filled at the wrong prices. That meant that some investors ended up losing money because of problems at Nasdaq OMX Group Inc. (NASDAQ:NDAQ). Finra’s decision was handed down today.

The Facebook Inc (NASDAQ:FB) problems, and their resolution, weigh heavily on the coming Twitter IPO. That company has remained fairly conservative in its statements and its valuation in order to avoid the kind of problems that Facebook Inc (NASDAQ:FB) faced in the wake of its offering.

Facebook shares only rose above their initial levels in July of this year. Today’s announcement will be more of a relief for Nasdaq OMX Group Inc. (NASDAQ:NDAQ) investors than for those invested in Facebook. The Menlo Park company appears to be out from under the shadow of its IPO. Nasdaq OMX Group Inc. (NASDAQ:NDAQ) has not seen people forget its mistakes so quickly. Twitter recently filed for its offering on the New York Stock Exchange.