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Stock Market / Penny Market #267836

CBS Evening News for Monday, Nov 17, 1980
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(Studio) Report introduced
REPORTER: Walter Cronkite

(Denver, Colorado) Stk. market specializing in new companies that go public at exceptionally low rates known as the "penny market" examined. [Underwriter Allen ADEN - comments.] [PEOPLE - comment on penny market] [Dr. Frank HAENDEL - comments.] Details of market outlined on screen; activity of Oiltech, HLH Petroleum and Portapro listed on screen. [Denver Securities and Exchange Commission spokesperson Robert DAVENPORT - comments.] SEC's efforts to crack down on local firms chgd. with abusing market noted.
REPORTER: Gary Shepard

Cronkite, Walter;
Shepard, Gary

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