SEC To Resolve Nasdaq, NYSE Ticker Tiff

Law360 (April 9, 2007, 12:00 AM EDT) -- The U.S. Securities and Exchange Commission will play referee in a dispute between Nasdaq and the New York Stock Exchange over the length of a listed company’s stock symbol.

Arguing a change of rules would strengthen U.S. capital markets and promote competition, Nasdaq has asked the SEC to allow companies with three-character trade tickers to keep the unique symbol when transferring their securities to the exchange.

Securities listed on Nasdaq have historically traded using four-, sometimes five-, character symbols, while the practice of the NYSE and...
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