What is LawBrain?
It's a living legal community making laws accessible and interactive. Click Here to get Started »

Penny Stocks

From lawbrain.com

Inexpensive issues of stock, typically selling at less than $1 a share, in companies that often are newly formed or involved in highly speculative ventures.

Penny stocks are usually available for sale over-the-counter, that is, among brokers and customers themselves, as opposed to being listed on the American Stock Exchange or the New York Stock Exchange.