What it is
The exchange designates stocks as administrative issues when they fall short of revenue thresholds, suffer serious capital impairment, receive problematic audit opinions or fail price and volume requirements.
Consequences
Margin trading is restricted and a caution label is shown. If the problem is not fixed, delisting procedures can follow.
What to keep in mind
Check the reason and the conditions for removal in the filing. A cheap-looking stock can wipe out an investment if it ends up delisted.
Where to check it
The company discloses when a designation ground arises and the exchange announces the measure. We collect these under trading halt and delisting filings; numeric warning signs such as four straight quarters of operating losses appear in the risk group of the screener.
See related filings and news data →
This explanation is general information, not investment advice. Rules reflect September 2026 and may change; check official exchange and broker notices.