Nasdaq Reacts to WTC Attack

Traders Magazine, September 2001

Gregory Bresiger

Nasdaq, trying to help firms hurt by the Sept. 11 disaster, says it has implemented an across-the-board moratorium on the minimum bid and public float requirements for continued listing. The moratorium will be effective until Jan. 2, 2002, Nasdaq officials said. "In the days following Sept. 11, we extended the grace period associated with these requirements for affected companies on an individual basis," said Wick Simmons, chairman and chief executive officer of Nasadaq. "We implemented a broader action that we believe will provide greater stability to the marketplace during these times of economic uncertainty."