Where can i find penny stocks?

15th Nov 2009 by Joseph Pousada

Penny stocks are defined in the United States as stocks that trade under five US dollars per share. In the United States they are typically traded on the OTCBB (Over the counter Bulletin Board) and the Pink Sheets. Penny stocks are considered very risky investments and you should consult your Financial Advisor before investing. The OTCBB does not have listing standards like Nasdaq Stocks or exchange traded stocks. It is primarily a quotation service for market makers but does require “securities which began being quoted on the OTCBB after January 4, 1999” (See Reference) to file financial information with a regulatory authority periodically. Pink sheets does not have this requirement and is a private company that provides quotation services for different market makers.

Reference:
http://www.otcbb.com/aboutOTCBB/comparison.stm
http://www.pinksheets.com/pink/index.jsp
http://www.otcbb.com/


This answer is the subjective opinion of the writer and not of FinancialAdvisory.com