Rule 419

An SEC rule stating that funds received from a penny stock offering by a blank check company must be placed in an escrow account until certain conditions have been met. A blank check company issues penny stock for business operations that have not yet begun; it effectively asks investors to trust it. Rule 419 exists in order to protect these investors from the possibility that the company is a fraud.

Rule 419

An SEC rule that stipulates that funds received by a blank-check company from an issue of penny stock must be placed in an escrow account for the benefit of the purchaser.

单词	rule 419
释义	Rule 419 Rule 419 An SEC rule stating that funds received from a penny stock offering by a blank check company must be placed in an escrow account until certain conditions have been met. A blank check company issues penny stock for business operations that have not yet begun; it effectively asks investors to trust it. Rule 419 exists in order to protect these investors from the possibility that the company is a fraud. Rule 419 An SEC rule that stipulates that funds received by a blank-check company from an issue of penny stock must be placed in an escrow account for the benefit of the purchaser.
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