Q: Is it fair for the SEC to suspend trading in penny stocks?
A: Stopping crimes before they happen might sound like it’s out of science fiction. But that’s been an increasing goal of the Securities and Exchange Commission.
Rather than waiting for a swindler to take millions from investors, the SEC is trying to find scams in the making. And one of the most popular vehicles for scammers to separate people from their money are stocks that remain trading on marketplaces that don’t have a company associated with them.
More in USA Today here.
