SEC Approves Amex Rule Proposal Related To The Sale Of NASD's Interest To The Amex Membership Corporation

The American Stock Exchange (Amex) announced today that the Securities and Exchange Commission (SEC) approved its proposed rule change in connection with the sale of the National Association of Security Dealers, Inc.'s interest in the American Stock Exchange LLC to The Amex Membership Corporation.

The Amex will now work with The Amex Membership Corporation and NASD to complete the transaction as quickly as possible and expects to issue a further announcement regarding its status in the near future.