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SEC Rejects Nasdaq's Bid To Scrap Direct Listing Price Limits

By Charlie Innis (February 25, 2022, 6:26 PM EST) -- The U.S. Securities and Exchange Commission turned down Nasdaq's proposal to scrap price ceilings on direct listings that raise capital, saying in an order that the stock exchange failed to demonstrate that the change would be designed to prevent fraud and protect investors....

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