Act enacted by Congress in 1990 to protect beginning investors from manipulative and abusive practices that were widespread in the penny stock market before the legislation was enacted. As a result of this act, the Securities & Exchange Commission created Rule 419, which outlines what information needs to be disclosed and ultimately holds up Congress's mandate requiring broker dealers to provide further information about any individual purchasing penny stocks.
Related information about Penny Stock Reform Act of 1990:
- Penny Stock Reform Act - Financial Dictionary - The Free Dictionary
... given the prominent fraud and manipulation that existed in the 1980s that eventually led to the adoption of the Penny Stock Reform Act of 1990 (PSRA).
- Penny Stock Reform Act of 1990: Definition from Answers.com
congressional act to protect unsophisticated investors from unsuitable high-risk investments. It gave the SEC authority to regulate promoters, restrict.
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The Penny Stock Reform Act of 1990 required the SEC to establish an electronic system to facilitate the widespread publication of quotation and last-sale ...
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This Act may be cited as the “Securities Enforcement. Remedies and Penny Stock Reform Act of 1990”. (b) TABLE OF CONTENTS.-. Penny Stock. Reform Act of ...
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I. INTRODUCTION IN the mid-1980s, regulators became increasingly concerned about fraud in low-priced initial public offerings (IPOs). In response to this ...
- What is Penny Stock Reform Act of 1990? definition and meaning
Definition of Penny Stock Reform Act of 1990: Act enacted by Congress in 1990 to protect beginning investors from manipulative and abusive practices that were ...
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Oct 9, 2003 ... The Penny Stock Reform Act of 1990 (PSRA) was an attempt to curb fraudulent security issues by placing severe restrictions on initial public ...
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