{"id":205,"date":"2007-07-27T06:34:19","date_gmt":"2007-07-27T06:34:19","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2007\/07\/three_letter_symbols_for_nasda"},"modified":"2021-09-20T15:41:17","modified_gmt":"2021-09-20T20:41:17","slug":"three-letter-symbols-for-nasda","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/three-letter-symbols-for-nasda\/","title":{"rendered":"Three Letter Symbols for NASDAQ Stocks? Is Nothing Sacred on Wall Street?"},"content":{"rendered":"

\t\t\t\tFor more almost forty years I could fell safe knowing that if a company’s stock symbol had three letters it was listed on the New York Stock Exchange or possibly the American Stock Exchange. If the symbol had four or five letters, it was listed on the NASDAQ. <\/p>\n

Delta Financial Corp. (DFC) recently transferred its listing to from the Amex to Nasdaq and sought to use the same symbol. Despite numerous (well-founded, I hasten to add) objections, the SEC decided to approved a rule change to permit an issuer to keep its three-character ticker symbol if it transfers its listing to Nasdaq from another domestic listing market. <\/p>\n

The SEC says it approved the change to avoid the anti-competitive effect of the prior ban. It added that there was little reason to impose the costly and disruptive burden involved in changing a company’s ticker symbol if it simply wants to list on another exchange. <\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

For more almost forty years I could fell safe knowing that if a company’s stock symbol had three letters it was listed on the New York Stock Exchange or possibly the American Stock Exchange. If the symbol had four or five letters, it was listed on the NASDAQ. Delta Financial Corp. (DFC) recently transferred its […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3740],"tags":[],"class_list":["post-205","post","type-post","status-publish","format-standard","hentry","category-miscellaneous"],"yoast_head":"\nThree Letter Symbols for NASDAQ Stocks? 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