How a Penny Stock Fraud, Missed by Clearing Firms, Duped Investors

Susan Antilla reports on a penny-stock scam that took in more than one hundred investors, and calls into question whether clearing firms missed important red flags.
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TheStreet's Susan Antilla reports on a penny-stock scam that took in more than one hundred investors, and calls into question whether clearing firms missed important red flags. Antilla talked with one couple who had most of their retirement fund wiped out.