It is the new pricing methodology that has injected liquidity into those penny stocks
which allowed their prices to fall below 50k,' Uwaleke said.
Basrai and Stirton also agreed to be barred from trading penny stocks
and from working in the securities industry, with Stirton having the right to reapply after five years.
FINRA also found that the firm's systems and procedures governing penny stock
transactions were inadequate, and were unable to determine whether stocks were restricted or freely tradable.
Although exchanges put most penny stocks
in the trade- totrade ( T2T) category, many are included in the B group on BSE.
He adds that it's difficult for investors to profit in trading penny stocks
, with their low trading volumes and low prices, because quotes don't move much.
Given their scandal-plagued past, penny stock
IPOs appear to be particularly well suited for examining issues involving market manipulation and informational asymmetries.
PETER LEEDS is The Penny Stock
Professional,the most widely recognized personality associated with low-priced stocks.
SEC Fines Ex-Oppenheimer Employees in Penny Stock
About a year and a half ago, I was in a difficult situation and decided to invest in two penny stocks
hyped in an unsolicited email.
com)-- Nearly a year ago, Peter Leeds, the expert in penny stock
investing and publisher of the Peter Leeds penny stock
newsletter, made his predictions for 2012, as published in BE America's Edition January, 2012.
Quote: ``It's a penny stock
at this point, but it's done very well from that modest level.
The board recognizes that considering the size of the company and the nature of our business, penny stock
investors are not able to evaluate our company the same as companies of similar size with a more traditional penny stock
company business," Mr.