LexisNexis® Legal Newsroom
SEC, USAO, FINRA Bring Charges For Sale of Unregistered Penny Stocks

The sale of unregistered penny stock shares spawned three recent securities enforcement actions. First, the SEC and the U.S. Attorney’s Office for the Southern District of California filed actions centered on an off-shore boiler room coordinated from Florida. The SEC’s action named John Rizzo...