Bank of America clamps down on penny stocks with purchase ban: CNBC

Bank of America recently told its clients it was restricting the sale of stocks of tiny and unknown companies that trade over-the-counter for less than $5 each, CNBC reported on Friday, citing people with direct knowledge of the matter.

…read more

Source:: Reuters – Business News


Did you enjoy this article? Join our FREE Newsletter!
I agree to have my personal information transfered to MailChimp ( more information )
Join over 100,000 investors and business leaders worldwide. Get the latest actionable business and investing intelligence before the rest of the crowd.
We hate spam. Your email address will not be sold or shared with anyone else.