PET imaging services provider Molecular Imaging of San Diego has sent a letter to the Berlin Stock Exchange requesting immediate de-listing from that exchange.
The firm's common stock is currently listed on the Berlin Stock Exchange without its consent. The impermissible listings, which may include as many as 200 U.S. publicly traded companies, are believed to be part of an organized effort by U.S. and international brokers to circumvent rules against "naked short selling" that have been adopted recently by the National Association of Securities Dealers (NASD) and the Securities and Exchange Commission (SEC).
Naked short selling is the illegal practice of short-selling shares that have not been affirmatively determined to exist.
By AuntMinnie.com staff writersJune 11, 2004
Related Reading
Molecular Imaging adds Templeton Imaging, June 2, 2004
Molecular Imaging signs St. Francis, May 26, 2004
Molecular Imaging shows Q3 downturn, May 18, 2004
Molecular Imaging signs RadNet, May 5, 2004
Molecular Imaging, Signet ink imaging center deal, April 27, 2004
Copyright © 2004 AuntMinnie.com
