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SEC Approves NASD Bulletin-Board Rule

Traders Magazine, January 1999

Staff Reporters

The Securities and Exchange Commission has approved a new OTC Bulletin Board eligibility rule that will require all bulletin-board-listed companies to provide more information to regulators.

The rule, proposed by the National Association of Securities Dealers, allows only those companies that report their current financial information to SEC, banking or insurance regulators to be quoted on the OTC Bulletin Board, which is run by the NASD.

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