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Q: History of NYSE Rule 452 ( No Answer,   0 Comments )
Question  
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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There is no answer at this time.

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