This was highly anticipated:

New rules for major U.S. exchanges promise to make it harder for foreign companies to enter the U.S. market via “reverse mergers.”

The Securities and Exchange Commission on Wednesday said it approved tougher new exchange rules for companies that enter the U.S. market through so-called reverse mergers, arrangements that allow a company to avoid the regulatory scrutiny that comes with an initial public offering. (Wall Street Journal)

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Read the rest of SEC Issues Rules on Reverse Mergers. And There Was Much Rejoicing. (119 words)

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Post tags: Amex, NASDAQ, NYSE, reverse mergers

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