Free US Law Dictionary
BETA
Penny Stock
In the U.S., a penny stock is a common stock that trades for less than $5 a share and are traded over the counter (OTC) through quotation services such as the OTCBB or the Pink Sheets. Although a penny stock is said to be "thinly traded," share volumes traded daily can be in the hundreds of millions for a sub-penny stock. Legitimate information on penny stock companies can be difficult to find and a stock can be easily manipulated.[1]
SEC Files Complaint Alleging Penny Stock Fraud
The SEC filed a civil injunctive action against fourteen defendants involved in the alleged illegal issuance and sale of unregistered stock of CMKM Diamonds, Inc...
FINRA Fines Leonard & Co. for Penny Stock Violations
FINRA announced today that it has fined Leonard & Co. of Troy, MI, $225,000 for numerous violations, including the illegal sale of more than two million shares of penny stock on behalf of customers...
Texas Men Settle Penny Stock Fraud Charges
Two Texas men, Darrel T. Uselton and Jack E. Uselton, who perpetrated a massive e-mail spam campaign to drive up the demand for low value stocks they owned, will pay nearly $4 million in penalties and fines and will no...
Florida Judge orders former CEO to pay $9.95 Million for Penny Stock fraud
A Florida Judge orderered former Pinnacle Business Management, Inc Chairman, Jeffrey G. Turrino to pay $9.95 Million and permanently banned him from Penny Stock Offerings...
SEC Charges New York Attorney with Participating in Illegal Penny Stock Scheme
On April 2, 2009, the SEC filed a civil complaint in United States District Court for the Southern District of Florida against south Florida residents Frank C...
Wichita robber severely abuses "Take A Penny, Leave A Penny" policy
From The Eagle: The man who robbed a liquor store on East Central in Wichita Thursday night must not have been happy with his take from the cash register...
My mother-in-law recently passed and did not have a will. She has two adult children who are in agreement about a 50-50 split. She has some stock options and a house with a balance, but the broker and mortgage company sa
In most jurisdictions, when someone passes away without a will a court proceedin...
Where can I find out what is the Statute of Limitations for a dispute with stock brokerage firm on an over payment of foreign tax for the interest I received thru the brokerage from abroad?
First, it is possible that the documents you signed when you opened the account ...
What are best stock investment newsletters?
I have profited from reading changewave stock investment newsletter....
What is the name and URL of a website that has a network of stock analysts that distributes out fundamental analysis (like discounted cash flow analysis) chores to the network members who then share the resulting stock a
Dear Anonymous,
I believe you are thinking about valueinvestorsclub...
#1 Online Legal Resource
My mother-in-law recently passed and did not have a will. She has two adult children who are in agreement about a 50-50 split. She has some stock options and a house with a balance, but the broker and mortgage company sa
In most jurisdictions, when someone passes away without a will a court proceedin...
Where can I find out what is the Statute of Limitations for a dispute with stock brokerage firm on an over payment of foreign tax for the interest I received thru the brokerage from abroad?
First, it is possible that the documents you signed when you opened the account ...
What are best stock investment newsletters?
I have profited from reading changewave stock investment newsletter....
What is the name and URL of a website that has a network of stock analysts that distributes out fundamental analysis (like discounted cash flow analysis) chores to the network members who then share the resulting stock a
Dear Anonymous,
I believe you are thinking about valueinvestorsclub...
 |
|
Contact Us | About Us | Celebrity Law Blog |
Our Partners | Disclaimer
| Law Blog Directory
| Law Jobs
| Law Tweets
| GoDaddy Hosting
All original material © 1999-2009 by USLaw.com. |