SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : support for $5 and under being on hot subjects
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10PreviousNext  
To: mark collins who wrote ()5/14/2000 12:14:00 PM
From: Jim Bishop   of 12
 
sec.gov

Penny Stock Rules

The term "penny stock" generally refers to low-priced (below $5),
speculative securities of very small companies. All penny stocks
trade in the OTC Bulletin Board or the Pink Sheets?but not on
national exchanges, such as the New York Stock Exchange, or the
Nasdaq Stock Market.

Before a broker-dealer can sell a penny stock, SEC rules require the
firm to first approve the customer for the transaction and receive
from the customer a written agreement to the transaction. The firm
must furnish the customer a document describing the risks of
investing in penny stocks. The broker-dealer must tell the customer
the current market quotation, if any, for the penny stock and the
compensation the firm and its broker will receive for the trade.
Finally, the firm must send monthly account statements showing the
market value of each penny stock held in the customer?s account.

For more information, read our Compliance Guide to the
Registration and Regulation of Brokers and Dealers. You may
also want to review the penny stock rules (Securities Exchange
Act Rules15g-1 through 15g-9).

Before you consider investing in the stock of any small company, be
sure to read our brochure, Microcap Stock: A Guide for
Investors.

sec.gov
Last Updated: 05/09/2000

Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News