Business & Finance
Nasdaq to Kick Off Tiny Companies Faster After SEC Approves Rule
Key Points
Nasdaq to Kick Off Tiny Companies Faster After SEC Approves Rule Nasdaq Inc. will change its rules to make it easier to kick off flailing businesses as regulators zero in on wild market swings and allegations of manipulation that have plagued trading in so-called microcap stocks. A Nasdaq-listed company worth less than $5 million for 30 straight days, based on the value of its listed securities, would face immediate suspension and delisting with limited opportunities to appeal under a plan...
Nasdaq to Kick Off Tiny Companies Faster After SEC Approves Rule
Nasdaq Inc. will change its rules to make it easier to kick off flailing businesses as regulators zero in on wild market swings and allegations of manipulation that have plagued trading in so-called microcap stocks.
A Nasdaq-listed company worth less than $5 million for 30 straight days, based on the value of its listed securities, would face immediate suspension and delisting with limited opportunities to appeal under a plan the US Securities and Exchange Commission approved Wednesday.