important-notice-trading-restrictions-on-us-penny-stocks
September 8, 2026
Dear Valued Customer,
We have been notified by our executing broker that, with effect from 8 September 2026, U.S. penny stocks with a market capitalization of US$25 million or below will be subject to trading restrictions. In addition, certain stocks with a market capitalization of US$500 million or below may be subject to different trading restrictions on a security-by-security basis.
If you encounter a relevant restriction when trading through the VictoryX App and wish to sell an affected stock, you will be required to submit your sell instruction by email. Please send the instruction to ustrade@victoryfg.com.hk.
Account Number: [Please fill in]
Account Name: [Please fill in]
Buy/Sell: Sell
Stock Code: [Please fill in]
Quantity: [Please fill in]
Price: [Please fill in]
As the scope and nature of the restrictions may vary among individual stocks, customers intending to sell the affected stocks should make the necessary preparations in advance and allow sufficient processing time. Acceptance and execution remain subject to market conditions, the circumstances of the relevant stock and the trading restrictions imposed by the executing broker.
If you have any enquiries, please contact our Customer Services Department by email at cs@victorysec.com.hk. We will be pleased to assist you.
Yours faithfully,
Victory Securities
