SEC Cracks Down on "Pink Sheets" Used By Wolf of Wall Street
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The SEC is cracking down on the market that gave rise to Jordan Belfort and The Wolf of Wall Street. Too bad it's only a few decades late.
Thousands of companies could disappear next week from the Pink Market, an over-the-counter stock exchange historically linked to investor fraud. That's because the SEC is forcing companies listed on the exchange to perform a very difficult task: basic accounting.
Source Fool.com