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The NASD proposed a one-share, one-vote rule.

March 18, 1987

The National Assn. of Securities Dealers, which operates the over-the-counter market, said that all stock exchanges should require that listed companies adopt a "one-share, one-vote" rule, but with a few exceptions. The support by the NASD is a major step in the shareholder rights issue, since the OTC market, which accounts for over a third of stock trading in the United States, has since its inception in 1971 allowed dual classes of stock.

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