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A comment on SEC suspends trading in 15 securities due to questionable social media activity. Parent comment

Re:SEC suspends trading in 15 securities due to questionable... by WoahNoun on Friday February 26, 2021 @09:35PM (#26282123)
This is a case of needing more explicit rules to enforce the intent of the ambiguous existing ones.

>any other worthless securities that are susceptible to scams or pump & dump schemes.

As for GME, Penny stock designation technically requires that the stock not trade on a major exchange. GME was never de-listed.

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Re:SEC suspends trading in 15 securities due to questionable... by tekknik on Sunday February 28, 2021 @07:57AM (#26293083)
Penny stock designation has nothing to do with exchange listings, that’s OTC. Penny stock designation starts when the stock price is $5 or below.
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