John Ruiz’s company LifeWallet says it faces removal from NASDAQ exchange

The NASDAQ’s delisting, if upheld after appeal, is expected to have a direct impact on LifeWallet’s financial health.

It can cost more to trade stocks that are not listed on NASDAQ or the New York Stock Exchange, said Jay Ritter, Cordell Eminent Scholar at the University of Florida. Delisting can also affect investor confidence.

Read more in this story from the Miami Herald.