LexisNexis® Legal Newsroom
Nasdaq Hacking a Wake-Up Call for Boards

Don't you find it somewhat ironic that the one part of Nasdaq's website hackers were able to break into was the Directors Desk portal, an online application that allows directors to share confidential information about their boards and corporate governance? It's almost as if the hackers...

Humble Thoughts on Nasdaq Seasoning Proposal

At thesaurus.com, words like "color" and "enliven" are synonyms to the word "seasoning." Unfortunately I don't believe Nasdaq's extreme overreaction to a real, but relatively controlled issue, does either to the world of reverse mergers or the markets in general...

Nasdaq News: New BX Venture Market Approved

Well, OK. We've just learned that last Friday the SEC approved the Nasdaq's request to establish a new lower level stock exchange, to be dubbed the BX Venture Market. The Nasdaq's original proposal was back in September 2010. I am not an expert on the operation of stock markets, but...

SEC-Submitted Comment to Nasdaq’s “Seasoning” Proposal for Reverse Merged Companies

In addition to the comment I provided to the NYSE Amex's proposal to require reverse merged companies to "season" by trading over-the-counter for a period before applying to uplist (with an exception for a large public offering), I also submitted the comment below with regard to Nasdaq's...

Chinese Company Accuses Nasdaq of Racism

Greetings from somewhere above the Midwest on my way to speak at the OneMedPlace conference in San Francisco this week, with the latest RM news. Barron's reports that a lawsuit was filed this past Thursday against Nasdaq by CleanTech Innovations (CTEK) which was delisted from Nasdaq over a year...

New Nasdaq $2 / $3 Initial Price Listing Standards

As a quick follow up on this topic from a few months ago (prior post can be read here ), the SEC has approved alternatives to Nasdaq's historical $4 minimum bid price listing standard. Under the new alternative listing standards, a security may qualify for listing on the Nasdaq Capital Market...

Nasdaq to Pay $10M Penalty for Role in Facebook IPO, Secondary Market Trading

WASHINGTON, D.C. - (Mealey's) In what is being called the largest ever penalty against an exchange, Nasdaq will pay a $10 million penalty to the Securities and Exchange Commission to settle claims that it violated federal securities laws as a result of its poor decision making during the initial...