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German listings surprise U.S. firms

Short-selling rule may have moved trading overseas

By Michael Baron, CBS.MarketWatch.com

Last Update: 9:00 PM ET Jun 2, 2004


NEW YORK (CBS.MW) -- A new U.S. ban on a questionable stock-trading tactic appears to have pushed the practice offshore, igniting a rash of complaints from small companies that stock prices are being roiled by undesired listings on a German stock exchange.
More than 100 U.S. companies have been added to the Berlin-Bremen Stock Exchange -- which is far smaller and far less widely recognized than the major bourse in Frankfurt -- since the new rule took effect April 1. And more than 20 of them have asked to be removed, saying they were added without their knowledge or consent.

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http://www.marketwatch.com/News/Story/Story.aspx?guid=%7B5836BF10-C674-42FF-B75F-CB5DAA9F903B%7D&...

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