How To Use Penny stock In A Sentence
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They may be called penny stocks, but victims of microcap fraud can suffer devastating losses," said Robert Khuzami , director of the SEC's division of enforcement.
SEC Fires Salvo at 'Penny Stocks'
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Afren had soared from its days as a penny stock to become a 1.5bn powerhouse.
Times, Sunday Times
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The group, based in New York, Florida and Pennsylvania, used the social networking sites to promote top picks in penny stocks, supposedly based on their own expertise and independent research.
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Under discussion: rules requiring broker-dealers to put up more capital and to tell investors more about the risks when selling them penny stocks.
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Most securities that trade this way are penny stocks or are from very small companies.
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The group, based in New York, Florida and Pennsylvania, used the social networking sites to promote top picks in penny stocks, supposedly based on their own expertise and independent research.
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In the U.S. financial markets, the term penny stock commonly refers to any stock trading outside one of the major exchanges (NYSE, NASDAQ or AMEX), and is often considered pejorative.
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As befits their new-found penny stock status, high street banks have become a favourite gamble for punters.
Times, Sunday Times
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It has literally sunk below being a penny stock, closing Friday at $0.009 per share.
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Why would it commit so much to an untested product by a penny stock with no track record?
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The mass trading suspensions represent the SEC's first action to call attention to possible "penny stock" promotion schemes since it began a stepped-up effort last fall to crack down on the proliferation of microcap stock fraud.
SEC Fires Salvo at 'Penny Stocks'
