The Berlin Stock Exchange situated in Berlin, Germany, has nearly over six thousand American stocks in listings, which normally is seen in exchanges like NASDAQ, NYSE, OTCBB and others. The Berlin Stock Exchange is a relatively new one but it has a lot of listed companies and more so U.S. Companies and this has brought forward many disputes inside the Berlin Stock Exchange.
It has been seen that in past few years more than thousand U.S. based companies have been enlisted by the Berlin Stock Exchange Brokers without seeking anybody `s permission. These enlistments took place just before the new enactment of the new U.S.A. security regulations, which especially stops audacious forms of short selling. This has sparked a worldwide shouting match that does not do any benefit to the reputation that has been harmed very badly.
There are companies who are selling themselves off or are trying to be taken over by other companies completely should de-list themselves completely. This is what making small brokerage farms interested and they are looking to gain so money by getting these interested companies de-listed.
The process of de-listing is not a very simple process for any company but some small companies in greed for more profit make other companies believe that it is a simple one. According to an expert in Berlin Stock Exchange any stock that is in compliance with another foreign exchange can be dual traded on any of the exchanges of Germany. For that the approval of a particular company is neither necessary nor does the exchange needs any document regarding the company. What it only needs is just an application from one of the specialists in the concerned stock exchange. The specialist though is compelled to inform the company about the dual trade and he normally makes these kinds of applications without being communicated by anyone.
Though for a foreign company the de-listing process is a bit difficult in the Berlin Stock Exchange. The Broker has to apply on behalf of the company to the Exchange and then the exchange decides which companies would be de-listed and which will be denied. These decisions are taken by individual exchanges like Berlin Stock Exchange and not by the specialists of the market.
So the fact is that any eligible foreign company can be de-listed by only a single broker in Berlin Stock Exchange, even without seeking any permission and without submitting any relevant document. This has happened to a foreign company, which had been de-listed by some brokers, only saved by other brokers enlisted it.