Scams. Running into scammers is also a risk when trading penny stocks. One of the most popular cons in this arena is known as the "pump and dump" scam. With this type of scam, the basic idea is ...

If a penny stock scam is uncovered, the tax department holds long-term capital gains arising on sale of such shares to be unaccounted income, subjecting it to high tax rates. In such situations ...

To be clear, this is not to say that every penny stock or OTC company is a scam. The danger is that the over-the-counter market is where the scam stocks live. Think of it as a bad neighborhood.

Overview: Greenpro Capital Corp. offers financial consulting and corporate advisory services to small and medium-sized businesses mainly in Hong Kong, Malaysia, and China, with a market cap of $14 ...