Specialist Rules Eased at NYSE
Traders Magazine, January 2008
The New York Stock Exchange, on the same day Lehman Brothers announced its takeover of Van der Moolen Specialists USA, won approval from the Securities and Exchange Commission to streamline its regulatory process for new specialists. Behind the abrupt move, the NYSE said in a filing, was the abandonment of their stocks by two of the NYSE's seven specialists, the possibility that others could do the same and the need to make it easier for certain newcomers to become specialists.
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