Consumers Digest

Are there any NASDAQ rules/procedures regarding purchases of large percentages of a NASDAQ-listed company?

For example, if a person decided to buy 20% of a NASDAQ-listed company, would NASDAQ rules require any special filings. If so, it would be helpful if you could direct me to the relevant texts and provisions? Also, if someone knows offhand of other regulations that would apply, that would also be helpful (I`m sure there must be some federal regulation of these sorts of transactions).

Public Comments

1. The SEC is the agency that covers securities. If you buy more than 5 percent of a stock you have to file a 13D. Or possibly even as little as 15 million dollars worth of the stock.