SEBI has now started probing into these stocks and come out with a plethora of reform measures like putting circuit filters and delisting some of these stocks. But rather than trying to control the situation after it gets out of hand, SEBI should prohibit the penny stocks from trading in the market; and leave no more loopholes for such scams to come up and affect the retail investors in future.
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Source:- IIPM Editorial, 2006
