On July 5th, 2019 the Securities and Exchange Commission published Amendment No. 3 to proposed changes by the Nasdaq Stock Market LLC (“Nasdaq” or the “Exchange”) to its Initial Listing Standards. Nasdaq stated in its proposed rule change that it believes that these amendments are necessary in order to ensure that Nasdaq only lists securities with a sufficient market, with adequate depth and liquidity, and with sufficient investor interest to support an exchange listing. The proposed rules will take effect on an expedited basis prior to the thirtieth day following its publication in the Federal Register.
The law firm of Hunter Taubman Fischer & Li LLC
is committed to providing superior service while adhering to the highest ethical standards.
We possess a broad base of knowledge and extensive experience – which provides a distinct advantage to our clients. The firm carefully selects its attorneys from among the top professionals in the legal field.
Our team is committed to achieving professional excellence and providing exceptional service.
The firm offers services specifically designed to enable businesses to grow successfully & consistently. We primarily represent small to medium sized companies focused on increasing revenue and maintaining growth.
Clients in a variety of industries and across all stages of development benefit from the sophisticated legal solutions and astute business acumen provided by the attorneys at the firm.
From routine business decisions to the most complex and global business transactions, our clients rely on us to guide them through their legal needs.
On June 10, 2019, in response to the proposed bill, “Ensuring Quality Information and Transparency for Abroad-Based Listings on our Exchanges” (“EQUITABLE Act”), Nasdaq released a FAQ (identification number 1696) clarifying listing standards for an applicant’s initial or continued listing based on a company’s financial statements. For more information, please read our previous alert dated June 25, 2019.