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Corporate & Securities Law

: Jim Hamilton's World of Securities Regulation

By Jim Hamilton

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In Light of Market Turmoil, Nasdaq Would Suspend Closing Bid Deficiency TestNoting that the market turmoil has resulted in a number of securities trading below $1, Nasdaq proposes to suspend the bid price and market value of publicly held shares requirements through January 16, 2009. Currently, Nasdaq rules provide that a security will be considered deficient if it fails to achieve at least a $1 closing bid price for a period of 30 consecutive business days. Nasdaq urged the SEC to make the chan read more

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Full post as published by Jim Hamilton's World of Securities Regulation on October 23, 2008 (boomark / email).

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