Penny stock rule 3a51-1
of the adoption of Rule 3a51-1 (§ 240.3a51-1) by the Commission); and the national securities exchange has maintained quantitative listing standards that are 9 May 2013 The term "penny stock" generally refers to a security issued by a very 15(h) and Exchange Act Rules 3a51-1 and 15g-1 through 15g-100). 7 Jul 2005 Exchange Act Rule 3a51-1 generally defines a penny stock as any equity security. The definition, however, contains a number of broad