microcap stock


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microcap stock

low-priced stock issued by low-value companies. Often the preferred merchandise of fraudsters because of the absence of information available to the ordinary buyer.
References in periodicals archive ?
According to the SECs complaint, from approximately December 2012 to June 2013, microcap stock financier Magna Group, which was founded and owned by Joshua Sason, engaged in a scheme to acquire fake convertible promissory notes supposedly issued by penny stock issuer Lustros Inc.
Transactions first restarted at 3:00pm EDT (1900GMT) in a single microcap stock, Atlantic American, a test case picked for its front-of-the-alphabet ticker.
U.S.-based Credit Suisse Securities LLC agreed Monday to pay $16.5 million to the Financial Industry Regulatory Authority for anti-money laundering violations involving microcap stock transactions.
Goldman Small Cap Research produces sponsored and non-sponsored small cap and microcap stock research reports, articles, daily stock market blogs, and popular investment newsletters.
Kyriacou and the agent discussed depositing large blocks of microcap stock in Beaufort accounts, driving up the price of the stock through promotions, manipulating the stocks price and volume through matched trades, and then selling the shares for a large profit.
One elderly couple was talked into buying nearly $900,000 worth of virtually worthless microcap stocks. Another senior investor purchased more than $500,000 of a microcap stock while on the phone with the caller.
The SEC has charged three microcap stock scammers living in Israel after they tried to defraud investors via promotional emails touting "hot" stocks so they could sell their own shares at a profit.
The SEC has charged 15 individuals and 19 entities for their parts in schemes to manipulate microcap stock trading.
Among recent enforcement actions by the SEC were charges against the film company Lions Gate for disclosure failures in its efforts to thwart a hostile takeover bid; an emergency asset freeze against the promoter of a microcap stock scalping scheme; charges against a CR Intrinsic analyst for insider trading; and charges against a stockbroker and the managing clerk at a law firm for their insider trading scheme.
Buying was more perceptible within large and microcap stocks on the bourse, whose capitalisation gained 0.76% to QR488.51bn.
The LD Micro Index is designed to give the most accurate representation of the intraday activity of microcap stocks in North America.
was charged by the Securities and Exchange Commission on Monday with failing to adhere to anti-money laundering rules by alleging the broker-dealer cleared transactions for microcap stocks that were used in manipulative schemes to harm investors.