Tag Archives: MicroCap Stock Deposit

SEC Charges Microcap Fraudster with Running a Pump-and-Dump Scheme

This week, The Securities and Exchange Commission charged David M. Loflin for his role in a pump-and-dump scheme in the stock of Greenway Design Group, Inc., a Phoenix, Arizona company that was secretly controlled by Loflin’s now-deceased business partner. According to the SEC’s complaint, in 2013, Loflin helped his business partner gain control of Greenway, using a front company to

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Is The End Of The Penny Stock Market Imminent?

In September, Bank of America banned trades of all microcaps with stock prices under $5. For some, this signaled the end of the penny stock market and prompted Richard Levick to share an article on Frobes.com titled “The End Of The Penny Stock Market Could Be Imminent.” According to Levick, “If enough other financial institutions follow suit, the penny stock

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What To Do If You Can’t Clear Your MicroCap Stock From A Convertible Note

In a recent guest post, Mark R. Basile, Esq. shared a post titled “Let’s Make A Deal! – A Message to Convertible Note Holders And MicroCap CEOs.” In the post, Basile discussed how it is becoming increasingly difficult to clear stock in microcap companies, especially if that stock was part of a note conversion. So, what can you do if

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Why Is It Difficult To Deposit MicroCap Stock?

In a new post on the OTC Markets’ blog, Jason Paltrowitz answered a question many microcap shareholders ask –  “Why Can’t I Deposit my Shares?” According to Paltrowitz, “The problems with the deposit of shares often center around broker-dealers’ gatekeeper responsibility to understand “how” the company’s shares were obtained and know “who” the investor looking to complete the transaction is, so

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