With or without vines, Shapiro, a former penny stock trader, lived like a grape magnate.
Recently, a client hired us to research a volatile micro-cap penny stock, Nuvilex(NVLX) .
While the share price has risen, it's relative, coming off a penny stock level.
It was like trading a penny stock at some points during the day, one trader said.
The broker Benevides was urged to call was later fired and dropped his license over penny stock improprieties.
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Our hard-hitting investigative stories have exposed penny stock bucket shops, dicey tax shelters, bond scams and Wall Street trickery.
Global Links is, in fact, a sub-penny stock company and has done several such reverse splits over the last few years.
It is a penny stock company that held its annual meeting in Florida several weeks ago during a three-day fundamentalist religious revival.
The practices of hedge funds that specialize in penny stock PIPE financings have recently come under renewed scrutiny by regulators and law enforcement agencies.
It can also seek to bar a defendants from working as an officer or director of a public company or engaging in penny stock transactions.
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The penny stock jumped 290% on the strength of his promotion.
The result of this risk-averse late-to-the-party paralysis is that Kodak is now a penny stock trading at around 66 cents a share, a poster child for myopic corporate governance.
One of the savviest government securities dealers on Wall Street admits he knew better but, on a friend's tip, invested in a bogus penny stock traded on the Vancouver Stock Exchange.
Global Links has also sued the DTCC for defamation over a line in the media statement that suggested sub-penny stock companies try to artificially raise their stock prices by doing 350-to-1 reverse splits.
In May Roth and the penny stock company he was working for were indicted by the federal government for violating an export control law that carries a maximum jail term of ten years.
The U.S. Securities and Exchange Commission has promised trading halts, lawsuits and other probes in its efforts to curb manipulation in the penny stock market--and halt a tsunami of e-mails touting these questionable securities.
Penny stock scams rank right up there with ponzi schemes in the classic financial scams played on naive investors, but the advent of the Internet has raised the pump-and-dump problem to a new level.
But in March 2005 USA Today reported on Langley's sordid past: In 1999 he had pleaded guilty to conspiracy to commit wire fraud and commercial bribery in connection with a penny stock called Pollution Controls International.
Several years ago a few of us editors here at Forbes received a promotional mailing for one of those hot stock reports with a write up on a little known penny stock called True Religion Jeans (TRLG).
Emerging from the world of penny stock operators, the company survived a cast of dubious financiers during the late eighties and early nineties: a Genovese crime family-associated broker, a Ponzi schemer and a stock swindler, whose firm inspired the movie Boiler Room, none of whose wrongdoings was related to BioReference or Grodman.
The creditor says McLaughlin tried to pay off a debt with common stock in his company, even recommending a Boca Raton, Fla. broker, since sanctioned for penny-stock scams, who could supposedly sell the shares on the open market.
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Those that didn't get in line knew they'd eventually be demoted to penny-stock status.
The SEC followed a year after my story with a lawsuit accusing Rivera of penny-stock fraud.
While scrambling for green-energy investments they can trumpet in news releases, penny-stock operators invariably collide.
Bernstein now works the other side, running Web site StockPatrol.com, which alerts investors to penny-stock fraud.
And Spitzer, whose predecessors had focused on penny-stock fraud and such, began eyeing big targets on Wall Street.
McLaughlin formed Earth in late 2005 out of other penny-stock companies he controls including Dallas-based Apollo Resources International.
McLaughlin formed Earth in late 2005 out of bits and pieces of other penny-stock companies he controls, including Apollo Resources.
We count 2, 998 new issues in the last ten years (excluding penny-stock deals), with an average relative-to-market score of only 94.
Not to worry: It now trades on the Nasdaq bulletin board, thanks to an old tactic of penny-stock operators--the reverse merger.
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