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Extinction for the OTC Market? SEC Urged to Clarify Nasdaq's For-Profit Future

Traders Magazine, January 2002

Gregory Bresiger

In theory, most industry players support the Nasdaq transformation to a for-profit stock exchange. In practice, these same financial institutions say it's a leap in the dark that raises many questions. In comment letters with the Securities and Exchange Commission reviewing the Nasdaq application, many industry officials said they had not received enough information about how the Nasdaq metamorphosis will take place as well as the future of the National Association of Securities Dealers.

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