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Investor Alert - Dormant Shell Companies—How to Protect Your Portfolio from Fraud

FINRA and the SEC's Office of Investor Education and Advocacy are issuing this alert to warn investors that some low-priced "penny" stocks that are aggressively promoted may in fact be stocks of dormant shell companies—companies that have no or nominal business operations or non-cash assets for an extended period of time. Many dormant shell companies that continue to trade in the over-the-counter (OTC) market are susceptible to market manipulation.

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