Originally Posted by
The Chow
I guess to be more specific I mean that at a certain point, brokers have to get you to sign a document stating that they are not pushing the "penny stocks" on you.
I would guess that what you're talking about applies if a stock is traded over the counter (OTC) rather than on an exchange. Each exchange has criteria that may cause a company's stock to be de-listed, such as in the case of DAL on their most recent bankruptcy filing.