• NASDAQ Adopts Rule Change to Issue Reprimand Letters to Listed Companies
  • January 9, 2006 | Author: Venrice R. Palmer
  • Law Firm: Bingham McCutchen LLP - San Francisco Office
  • On December 6, 2005, the SEC approved amendments to Nasdaq's corporate governance rules. Nasdaq amended Rules 4801, 4803, 4804 and 4811 to permit it to issue public reprimand letters to listed companies for certain rule violations when a determination is made that delisting is not an appropriate sanction. Revised Nasdaq Rule 4801(k) provides that in determining whether to issue a public reprimand letter, the Nasdaq Listing Department will consider: