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Tip of the Day

Tip of the Day Buy Through Your Favorite Airline's Partners Merchant Store

Buy Through Your Favorite Airline's Partners Merchant Store - There are many companies these days who services many of the airlines and offer frequent flier miles, no matter which of...

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Penny Stock Reform Act of 1990


Penny Stock Reform Act of 1990 - In 1990, United States Congress brought into effect this act which was designed to force brokers and penny stock dealers to gather and keep information about any person who wanted to purchase penny stocks. This information was then utilized to determine the possibility of fraud, and allowed the Securities and Exchange Commission, known as the SEC, to be able to determine whether the purchaser was attempting to manipulate the price of penny stocks or otherwise alter the appearance of the value of the stock. This was primarily to protect beginning investors from abuse by unethical experienced dealers and brokers.

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Daily Definition

Definition of the Day Regular-Way Delivery

Regular-Way Delivery This is the standard delivery for securities and has to take place by the third business day following the transaction. If a bond is involved in the transaction, it must occur on the first business day following the transaction. What this transactions entails is for the securities to...

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