Monday, March 17, 2014
MRV Communications Upgrades To NASDAQ Global Market
Chatsworth-based optical networking hardware provider MRV Communications said this morning that it is upgrading its stock listing from the over-the-counter market, to the NASDAQ Global Market. According to MRV Communications, it has been approved to list on the NASDAQ Global Market under its existing ticker symbol, MRVC. The company will begin trading on the NASDAQ on March 19th. The company said the moves came from the "significant progress" is has made in the areas of "corporate governance, resolving legacy issues, improving operating efficiencies" at the company. MRV has been on the OTC markets since a delisting way back in 2009, when it was one of dozens and dozens of firms caught up in the SEC's investigations over stock option price granting practices in the industry.