Ya hear the news about the BBX?
Subject: NASDAQ Announces Discontinuation of the BBX
From: Glen Wolyner, Executive Vice President, NASDAQ
NASDAQ?s new management, led by President and CEO Robert Greifeld, has recently concluded a strategic review of its business initiatives. As a result of that review, NASDAQ® has announced that it will focus solely on products and services that contribute to its mission to be the best stock market in the world for investors. After careful consideration and effective immediately, NASDAQ will discontinue its efforts to launch the BBX.
We understand that the decision to discontinue the planning of the BBX may be disappointing, but the existing Over The Counter Bulletin Board (OTCBB) will continue its current operations that provide a quotation facility for companies that are current in their Securities and Exchange Commission (SEC) filings.
I'm going to try and push the SEC to make some improvements to the OTCBB since the BBX won't be coming into play. I want to get some rules and regulations on short selling. That's probably the biggest problem on the OTCBB right now.
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