Phoenix Associates Land Syndicate (fka PBLSQ)

[asus]

When will the updated Threshold Security List be available?

As the new NASD Rule 3210 is effective July 3, 2006, the first date a security can meet the requirements of the rule is five consecutive settlement days after the effective date. Therefore, the first Rule 3210 Threshold Securities List will be posted on the NASDAQ Trader® website before 12:00 a.m., ET, on July 10, 2006, and will continue to be posted by midnight each subsequent settlement day.

What is changing?
The Securities and Exchange Commission (SEC) recently approved NASD’s Rule 3210. In support of this new rule, NASDAQ®, as NASD’s service provider, will expand the current Regulation SHO Threshold Security List to include non-reporting OTC equity securities that for five consecutive settlement days have:
aggregate fails to deliver at a registered clearing agency of 10,000 shares or more; and
a reported last sale during normal market hours (9:30 a.m. to 4:00 p.m., ET) that would value the aggregate fail to deliver position at $50,000 or more.


http://www.nasdaqtrader.com/trader/news/2006/technicalupdates/tu2006-010.stm