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Microcap & Penny Stocks : Universal Medical Sytems (UMSI)

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To: JPS who wrote (914)1/15/1998 1:22:00 PM
From: Laurens  Read Replies (2) of 1672
 
Isn't there an exchange regulation at our end that stops a stock from trading? Like when it drops to next to zero,or if management does not abide by these regulations?

For instance,what are the criteria in the case of UMSI, ( if there exist trading rules for quoted co's like UMSI.)

And would someone please explain "class action" to me?
Thank you.
Laurens
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