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Nasdaq Tightens Listing Rules to Curb Chinese ’Pump and Dump’ Schemes
Nasdaq Tightens Listing Rules to Curb Chinese ’Pump and Dump’ Schemes
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BTCCSquare news:
Nasdaq is implementing stricter listing requirements to combat fraudulent activities, particularly targeting small-cap Chinese stocks. New rules mandate a minimum $25 million in public offering proceeds for companies primarily operating in China, aiming to prevent market manipulation through 'pump and dump' schemes.
The exchange also introduced a $15 million minimum market value threshold for public floats and accelerated delisting procedures for non-compliant firms. These measures reflect growing regulatory scrutiny over microcap volatility and investor protection in global markets.
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