Return of the Penny Stocks – When Will They Just Go Away?
The sale of low-priced, thinly-traded shares of companies, usually traded on
the Pink Sheets, the OTC Bulletin Board and other exchanges, has seen a resurgence in the past few
years. The high-pressured telephone cold call and Internet-based sale of penny stocks to
unsuspecting and inexperienced brokers have been the target of numerous recent regulatory investigations
and prosecutions brought by the Financial Industry Regulatory Authority (FINRA) and the Securities &
Exchange Commission.
Penny stocks have also been prevalent in a number of “pump and dump” penny
stock promotion schemes whereby shady, and even unregistered purported brokerage firms hype up the value
of these companies with promises of assured fantastic growth, with these shares usually crashing and
losing virtually all of their value in a matter of days. Remember, if it sounds too good to be
true, it probably is.
We offer a free initial consultation to investors who feel they may have
been victimized by a penny stock scheme.
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