Thursday, February 26, 2009

NYSE Applies to Suspend $1 Listing Floor

The New York Stock Exchange has applied to the SEC to temporarily suspend Listed Company Rule 802.01C. 802.01C requires a company be delisted if its stock trades below a dollar for 30 days in a row.

The new application extends last month's lowering of the market capitalization rules for continued listing in Listed Company Rule 802.01B.

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