NASDAQ threatens to de-list Max Re, then lauds it as a “superior listing”

By David Marchant

19 years ago

Topics

Keywords

Bruce Aust Max Re Capital NASDAQ

NASDAQ’s listings officers either do not read their own memos about defaulting issuers or they suffer from short-term memory loss, if a June 27th announcement regarding Bermuda-based Max Re Capital Ltd. is anything to go by.In a press release, Max Re disclosed that it had been included “in the new NASDAQ Global Select Market”, which it claimed “has the highest initial listing standards of any exchange in the word based on financial and liquidity requirements”.

- You're only seeing part of this content
  
  To view the entire article or download the document, subscribe today.
  
  - Offshore Courts: 29,000+ court cases (Bahamas, Bermuda, BVI, Cayman Islands)
  - Investigative Articles: 4,500+ in-depth articles, including fraud exposés
  - MLATs - Criminal: 1,400+ MLATs on global criminal investigations
  - Ch. 15 - Insolvencies: Monitored daily
  - Foreign Discovery: Applications for foreign discovery filed in the USA, monitored daily
  - Regulatory Actions: Global regulatory actions, fines, and bans, monitored daily
  - And More: Criminal indictments, extraditions, winding-up petitions, and more
  
  Unlimited access for less than $3/day.
  
  Cancel anytime.
  
  SUBSCRIBE
- SIGN IN
  
  Forgot your password?

BECOME A SUBSCRIBER

Daily red flags in high-value international finance

Unlimited access. No contracts. Cancel anytime.