August 17, 2010 (FinancialWire) — Merriman Curhan Ford Group, Inc. (NASDAQ: MERRD) said it has effected a reverse stock split of the outstanding common stock at a ratio of one-for-seven shares. The move was made to regain compliance with NASDAQ listing requirements.

The company said that its common shares began trading on a split-adjusted basis when the market opened on August 16, under the temporary ticker symbol, MERRD.

Merriman Curhan Ford said that the symbol will revert back to MERR on September 14, 2010 after 20 trading days.

The proposal to institute this reverse stock split was detailed in Merriman's proxy statement filed with the SEC on July 9, and was approved by the company's shareholders on August 10, 2010.

Under the reverse stock split, each seven shares of authorized and outstanding common stock will be reclassified and combined into one share of new common stock.

Seven shares of Series D convertible preferred stock will be convertible into one share of common stock of the company.

Merriman was notified by the NASDAQ Stock Market on March 4 that it is not currently in compliance with NASDAQ listing rules, which require listed securities to maintain a minimum bid price of $1 per share.

After giving effect to the shareholder-approved reverse stock split, the company said it will be able to regain compliance.

California-based Merriman Curhan Ford is a financial services firm that offers investment banking, equity research, institutional services and corporate & venture services, and specializes in technology, cleanTech and consumer, media & internet.

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