I must say, that I never foreseen any of this happening 6 months ago when I was flying high in Penny Stocks. What Penson, the DTCC, the SEC, ZECCO, FIDELITY, and SCHWAB have done should be criminal. Their actions have almost solely wiped out 70% of my brokage holdings.
Probably hundreds of millions when you add up all investors who held positions in penny stocks this year, and the volume decrease in the micro cap markets.
While I disagree with it and think Penson was caught short in many many stocks, I think it is overall (+) for everyone. Bullcrap POS stocks can no longer be ramped and pumped like they once were, and people like HD__ can no longer scheme and fraud newbies.
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