Series 24: Penny Stock Rules (SEC Section 3, 15g Rules)

Taken from our Series 24 Online Guide

Penny Stock Rules (SEC Section 3, 15g Rules)

Penny stocks are typically low-priced (below $5), thinly traded securities. They are not listed on NASDAQ or any other national exchange. They are often quoted on the OTCBB or Pink Sheets. Because investing in penny stocks can be risky, the SEC has put in place specific rules that broker-dealers must follow before selling penny stocks.

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I passed my Series 24 with two weeks of nearly full-time study, using the textbook, the online class, and the exam simulator. The textbook was very readable and helpful in providing complete explanations, as well as helpful memorization tips. The online class and pre-recorded sessions were crucial to get through all of the material and put it in relative context. It was helpful to be able to have questions answered instantly and via email afterward. The online simulator questions were just like the exam questions, and the immediate feedback function was essential for learning from the practice quizzes and exam. I needed every minute of my study and practice time to count, and Solomon Exam Prep made it possible. Thank you!

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Marie, Miami, FL