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The Number of Penny Stocks Has Soared Since SPAC Bubble Burst

There are now hundreds of US-listed stocks trading below a dollar. It's creating market inefficiencies, IEX's John Ramsay says.

John ramsayExchange commissionTerms of serviceWall street journalNasdaq compositeMarket policy officer john ramsayBusiness insiderMi exclusivePenny stocksPac market boomPo marketNasdaq compositeRex groupStock market regulator

The SPAC-bubble collapse triggered a surge in the number of penny stocks That s not great news for the market

There are now hundreds of US-listed stocks trading below a dollar. It's creating market inefficiencies, IEX's John Ramsay says.

John ramsayExchange commissionWall street journalNasdaq compositeMarket policy officer john ramsayBusiness insiderPenny stocksJohn ramsayMarket inefficienciesListed companiesRetail investors

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