Nasdaq is currently in the process of removing hundreds of penny stocks from its listings. The move is part of an effort to clean up the market and ensure that only legitimate companies are trading on the exchange. Penny stocks, which are typically low-priced and speculative, can be risky investments for individual investors. Nasdaq’s decision to purge these stocks is aimed at protecting investors and maintaining the integrity of the market. This move reflects the exchange’s commitment to upholding high standards and promoting a safe and transparent trading environment for all participants.