US SEC


SEC starts the clock on audit-linked Chinese stock delistings

SEC starts the clock on audit-linked Chinese stock delistings

(ATF) The Securities and Exchange Commission (SEC) on Wednesday March 24 began a process that would force foreign companies off American stock exchanges if they refuse to comply with US auditing standards over successive years, and require them to disclose any governmental affiliations.The Holding Foreign Companies Accountable Act, signed into …

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Markets upbeat on recovery prospects

Markets upbeat on recovery prospects

HONG KONG: Asian markets were broadly higher on recovery hopes but Hong Kong and mainland China markets underperformed after the US SEC started a process that could force Chinese companies to delist from US exchanges if they did not comply with US auditing standards.But oil remained on edge as efforts …

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Coinbase listing filing pulls back the veil on bitcoin trading

Coinbase listing details pull back the veil on bitcoin trading

(ATF) Coinbase, the biggest US cryptocurrency exchange, filed to go public via a listing on Nasdaq on Thursday February 25. The exchange made a profit last year and might be able to list at a value close to $100 billion - especially if the recent surge in the value of …

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Asia could be next as Reddit squeeze on hedge-fund shorts goes global

Asia could be next as Reddit squeeze on hedge fund shorts goes global

(ATF) Retail traders who take a cue from Reddit’s “Wallstreetbets” thread made further gains against short-selling hedge funds Citron and Melvin on Wednesday January 27, but US regulators may clamp down on trading posts on social media.The success of this week’s retail assault on short positions in GameStop has prompted …

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Luckin Coffee to pay $180m penalty for fraud charges: US SEC

Luckin Coffee to pay $180m penalty for fraud charges: US SEC

Luckin Coffee Inc has agreed to pay a $180 million penalty to settle accounting fraud charges for "intentionally and materially" overstating its 2019 revenue and understating a net loss, US regulators have said.The US Securities and Exchange Commission (SEC) fine on the China-based rival to Starbucks comes after it said …

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