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.
The SEC is seeking permanent injunctions, disgorgement with interest, civil penalties, penny stock
bars, and an officer-and-director bar from one of the orchestrators of the scheme.
The SEC wants to bar them from the penny stock
business, and recoup their proceeds with them being charged interest and financial penalties.
Federal prosecutors on Tuesday said they have made arrests in an international penny stock
scheme that involved fraudulently inflating shares prices and trading volumes.
425m for the sale of unregistered penny stock
shares and for failing to have an adequate anti-money laundering compliance programme to detect and report suspicious penny stock
The Online Massage Board Forum is especially designed for day traders of penny stocks
, stocks options, futures trading, international stock market as well as foreign exchange trading.
The perils of going after easy money are ignored by one class of investors -- those who put money in penny stocks
The market for penny stocks
has changed dramatically over the last few decades.
A Penny stocks
are often small, early-stage, unknown companies whose stocks trade at less than $1 per share.