WATCH: Stock Frauds: what went wrong?
Penny stocks, also known as micro-cap stocks, nano-cap stocks, small cap stocks, or OTC stocks, are common shares of small public companies that initially trade at low prices per share. It is also a term for inexpensive stocks that subsequently become highly lucrative holdings.
However, sometimes, it is too good to be true if some tend to manipulate the market.
ANSWER and write a 2-page paper describing who is involved, what sort of issues involved, what they would have done differently to prevent the issues in the first place, what is pump and dump strategy, what SEC actions were, and what you learn from this video.
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