Securities Division, 3rd Floor

Arizona Corporation Commission

1300 W. Washington St.

Phoenix, AZ 85007


Main: (602) 542-4242


Toll-Free Number in Arizona:
1-(866) 837-4399

Ask and Check
Before You Invest!

Toll free in AZ




Microcap Stock

Depositphotos_2382917_xl-2015What Every Investor Should Know

Shares of microcap or "penny" stock represent fractional ownership of a corporation in companies with limited assets or "capitalization." Typically, microcap stocks are low-priced and are traded in low volume at either of two over-the-counter (OTC) markets--OTC Bulletin Board and the Pink OTC Markets, commonly known as the "pink sheets."

Unlike the common and preferred stock traded on the major stock exchanges, microcap stock lacks substantial public information about the company. Because public information about the company is limited, microcap stock can be subject to abuse by unscrupulous stockbrokers or con artists.

While all investments involve risk, microcap stock companies are at the higher end of the risk spectrum since they tend to be new companies without substantial assets or established business operations. Also, because microcap stocks trade in low volume, any sizable trade can have a significant impact, increasing price volatility.

Read more about how to obtain information about microcap companies and avoid being scammed.

Stay Connected

Check here to sign up for Consumer Alerts from the Corporation Division. To receive alerts for your business register at call 602-542-3026 with questions for the Corporations Division.

Check here to sign up for Notices and Agendas for Commission Meetings, Hearings and Appearances.Please call 602-542-3931 with any questions.

Check here to receive the latest Commission News Releases and information. Please call 602-542-0728 with any questions.

Arizona Corporation Commission

1200 W. Washington Street

Phoenix, AZ 85007


Corporations Division

1300 W. Washington Street

Phoenix, AZ 85007


Tucson Office (Walk-ins only)

400 W. Congress Street

Tucson, AZ 85701