September 27, 2001

Nasdaq lowers the bar to protect its reputation

Author: JT Smith

From The Globe and Mail: "
The Nasdaq stock market, which used to boast about how it was
"The market for the next 100 years" while it poked fun at the
stodgy old New York Stock Exchange, seems to have become
the world's penny-stock market for the next little while. The
tech-heavy exchange said on Thursday it is suspending some
of its normal trading requirements in the wake of the terrorist
attacks on the United States on Sept. 11. - but is that really why
the Nasdaq is making these changes? Or is it just because there
are so many failed dot-coms and moribund technology stocks
trading in the pennies now?"

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