We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

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...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.