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The SEC Approves Overhaul For the OTC Marketplace: NASD Joins Clean-Up With Tighter Listing Standard

Traders Magazine, January 1998

Michael L. O'Reilly

The Securities and Exchange Commission has proposed a regulatory initiative to curb small-cap fraud and increase the responsibilities of broker dealers quoting small, thinly-traded over-the-counter stocks.

In a similar push, the National Association of Securities Dealers will publish, at the end of this month, a list of companies no longer meeting new standards to list on Nasdaq.

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