Penny Stocks Refused For Deposit: Why It’s Happening Now, How To Cope

Ian Cassel Blog, Educational Leave a Comment

Pennaluna & Company wrote this publication on a subject that is affecting all penny stocks.  It is well worth the read and hits on the follow points:

  • New fed war on fraud and money laundering hits the innocent too
  • Penny stocks now more often refused for deposit
  • SEC mounts combined attack with FINRA, DTCC
  • Average investor normally OK – but new paperwork, delay, costs
  • Management, insiders, promoters undergo special scrutiny
  • How to avoid some of the new headaches

 [Read Full Article Here]

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