Nasdaq exempted from 'blue sky' rule

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jannikki
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Nasdaq exempted from 'blue sky' rule May 3, 2007 18:07:50 GMT -4

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Post by jannikki on May 3, 2007 18:07:50 GMT -4

Nasdaq exempted from 'blue sky' rule
By Dina Hampton
May 3, 2007

The Nasdaq Stock Market Inc. announced today that the Securities and Exchange Commission has exempted securities listed on the Nasdaq Capital Market from state "blue sky" registration requirements.

This action, which will be effective on May 24, will reduce the cost of raising capital for capital market companies and their investors.

The SEC adopted this exemption in response to a petition filed by Nasdaq, said the statement.

"This watershed development is a reflection of the quality of Nasdaq’s regulatory program and the degree of investor protection afforded by..(more)

www.investmentnews.com/apps/pbcs.dll/article?AID=/20070503/REG/70503012/1022/ONLINENEWS

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