Nasdaq
Nasdaq Assumes Role of Market Gatekeeper with New Discretionary Authority to Combat Manipulation
In a decisive move to fortify the integrity of the public markets, Nasdaq, Inc. (Nasdaq:NDAQ) has officially implemented Rule IM-5101-3, a landmark regulatory shift that grants the exchange unprecedented discretionary authority to deny initial listings based on potential manipulation risk. Effective as of December 19, 2025, this rule marks