Listed' Stocks for Bulletin Board
Traders Magazine, January, 2002 by Gregory Bresiger
The over-the-counter Bulletin Board - home for some obscure and thinly-traded stocks - would be transformed from a quotation service driven by dealers into a marketplace of listed stocks, under a far-reaching proposal pending with the SEC.
Nasdaq's proposal has two main elements: The establishment of the Bulletin Board Exchange (BBX), which it plans to begin in January 2003, and the continued operation of an Interim Bulletin Board for about a half a year.
"Unlike the current Bulletin Board," Nasdaq wrote in its filing, "Nasdaq will impose listing standards for the BBX. Nasdaq will impose qualitative listing standards largely equivalent to those currently existing on Nasdaq, with modifications to the independent director requirements."
BBX will require...
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