WASHINGTON, D.C. (WKZO AM/FM) — On Tuesday, March 1, Congressman Bill Huizenga (R-MI), Ranking Member of the Investor Protection, Entrepreneurship, and Capital Markets Subcommittee released the following statement on the New York Stock Exchange (NYSE) and Nasdaq’s decision to temporarily halt trading in the stocks of Russia-based companies listed on their exchanges.
“The move by the New York Stock Exchange and Nasdaq to halt trading of Russia-based companies is a good start,” said Huizenga. “These publicly traded companies should not benefit from our free and fair markets. I call on all U.S.-based exchanges to permanently suspend trading of Russian companies until Vladimir Putin ends his unlawful and unprovoked war on Ukraine.”
On Monday, February 28, Nasdaq Inc and Intercontinental Exchange Inc’s NYSE temporarily halted trading in the stocks of Russia-based companies listed on their exchanges citing regulatory concerns following sanctions on Russia.
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