WASHINGTON/HONG KONG—Shares in dual-listed Chinese companies fell sharply on Thursday in Asia after the U.S. securities regulator adopted measures that would kick foreign companies off American stock exchanges if they do not comply with U.S. auditing standards. The move by the Securities and Exchange Commission (SEC) adds to the unprecedented regulatory crackdown in China on…
Chinese Tech Stocks Slump as US SEC Begins Rollout of Law Aimed at Delisting
March 25, 2021
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US SEC Begins Rollout of Law Aimed at Delisting Chinese Firms
The top U.S. securities regulator on March 24 adopted measures that would kick foreign companies off American stock exchanges if they do not comply with U.S. auditing standards, and require them to disclose any governmental affiliations. The Holding Foreign Companies Accountable Act, signed into law by then-President Donald Trump in December, is aimed at removing…
Sen. Elizabeth Warren Demands SEC to Deal With ‘Market Manipulation’ Amid GameStop Surge
In a letter (pdf) to the Securities and Exchange Commission (SEC) on Friday morning, Sen. Elizabeth Warren (D-Mass.) questioned price swings on stocks like GameStop, AMC, and others and wanted the agency to address “any systemic concerns for financial systems.” “Casino-like swings in stock prices of GameStop reflect wild levels of speculation that don’t help…
Biden Picks Warren Allies to Head Financial Sector Oversight Agencies, SEC and CFPB
President-elect Joe Biden on Monday announced six additional picks for top administration posts, including two progressive allies of Sen. Elizabeth Warren (D-Mass.) for positions in financial sector oversight, in a move that suggests more aggressive regulation of big business. Biden has nominated a current member of the Federal Trade Commission (FTC), Rohit Chopra, to serve as…
NTD Business Full Broadcast (Dec. 23)
President Trump vetoed the massive defense spending bill on Wednesday. The measure may fail to become law for the first time in 60 years. The SEC says companies can now list directly on the New York Stock Exchange. We look at what that means for businesses and startups. And top Arizona state senators sue the Maricopa…
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