Tag Archives: Microcap Stock Fraud

Utah Brokerage Firm Permanently Banned for Selling Unregistered Penny Stocks

Recently, FINRA expelled the broker-dealer ACAP Financial Inc. from any future dealing within the securities industry. The Salt Lake City-based brokerage firm was accused of unlawfully selling unregistered securities. More specifically, the firm sold billions of shares of four different penny stocks without properly registering them with the SEC. A complete account of the… Read More »