Penny Stock Traders Ordered to Pay $11 Million in SEC Probe – Bloomberg Law
In a recent investigation by the SEC, penny stock traders have been ordered to pay a total of $11 million. The traders were found to have violated securities laws, leading to this hefty penalty. The SEC’s probe uncovered wrongdoing in the trading of these low-priced stocks, resulting in this significant financial consequence for the traders involved. This serves as a reminder of the importance of following regulations when trading penny stocks to avoid facing similar penalties in the future.