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Are NYSE Companies Hostages of Rule 500? Nasdaq Fights for Footing in Battle for New Listings

Traders Magazine, October 1998

Michael L. O'Reilly

A New York Stock Exchange rule is again at the center of a controversy over the strict requirements companies face to voluntarily delist from the exchange.

Despite a proposal to ease NYSE Rule 500 last November, the Big Board has drawn repeated criticism from both Nasdaq and the Securities and Exchange Commission on the requirements.

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