The Logbook: Penny stocks, organized crime, and an auto mechanic

Quick Take

  • The Penny Stock Reform Act was enacted in 1990 to protect investors from stock manipulation in the penny stock industry
  • Lorenzo Formato was a former auto-mechanic whose experience in manipulating penny stocks led to the creation of this law.

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The Logbook: Penny stocks, organized crime, and an auto mechanic written by Steven Zheng @ https://www.theblockcrypto.com/genesis/56931/the-logbook-penny-stocks-organized-crime-and-an-auto-mechanic?utm_source=rss&utm_medium=rss February 27, 2020 Steven Zheng

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