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Subject:
History of NYSE Rule 452
Category: Business and Money Asked by: frustratedampersand-ga List Price: $150.00 |
Posted:
12 Dec 2005 18:09 PST
Expires: 16 Dec 2005 09:56 PST Question ID: 605046 |
I need information regarding the *HISTORY* of NYSE Rule 452 (also known as the "10-day rule") which governs the voting of proxies by brokers on behalf of customers with shares held in "street name." Specifically, when was the rule first implemented? What was its original purpose? What was going on at the time that prompted the NYSE to implement the rule? I have already looked on the NYSE's website and did not find their historical information helpful. I have also spent considerable time searching using "Rule 452" as a primary search term. Based on the research I've already conducted, I believe that the key to a successful answer could lie in determining what the rule was called when it was first implemented. I doubt it was originally referred to as Rule 452, but I haven't been able to figure out any alternate names. One lead indicates that Rule 452 first came about in 1937, but I haven't been able to confirm. Also, historical information about the NYSE proxy rules generally could be helpful (as opposed to info about 452 in particular). Here is a link to the Rule: http://rules.nyse.com/nysetools/Exchangeviewer.asp?SelectedNode=chp_1_1&manual=/nyse/nyse_rules/nyse-rules/ This is an important and time-sensitive project. Thank you so much for your prompt help!! |
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