WASHINGTON—The U.S. Securities and Exchange Commission (SEC) on Monday issued its latest warning to people looking to invest in Chinese companies listed in the United States. In an alert to investors, the SEC detailed the potential risks in putting money into U.S.-listed companies that have contracts with but no control over a Chinese entity, known…
US SEC Warns Investors of Risks From Certain Chinese Business Entities
Media Companies Linked to Chinese Exile to Return Millions to Investors in SEC Settlement
The Securities and Exchange Commission (SEC) on Sept. 13 charged three U.S.-based media companies over illegal unregistered offerings of stocks and digital assets. The companies—New York-based GTV Media Group and Saraca Media Group, and Phoenix-based Voice of Guo Media—are affiliated with Guo Wengui, a Chinese billionaire living in exile in the United States. The three…
SEC Threatens to Sue Coinbase Over Crypto Lending Programme
HONG KONG—The U.S. Securities and Exchange Commission (SEC) has threatened to sue Coinbase Global Inc if the crypto exchange goes ahead with plans to launch a programme allowing users to earn interest by lending crypto assets, Coinbase said on Wednesday. The SEC has issued Coinbase with a Wells notice, an official way it tells a…
GOP Senators Urge SEC to Investigate Chinese Companies on American Stock Exchanges
A group of Republican lawmakers are urging the chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, to investigate Chinese companies listed on U.S. stock exchanges, after “billions of dollars were snatched” from American investors following a crackdown on firms by officials in China. Senators John Kennedy (R-La.) Dan Sullivan (R-Alaska), Marsha Blackburn…
The White House Poses a Bigger Risks to Investors Than Climate Change
Commentary The Biden/Harris administration is attempting to force companies, pension fund managers, and portfolio funds to account for and disclose climate-related risks in their stock offerings, annual reports, and other public documents. According to the Biden/Harris administration, climate change is the most important issue businesses and funds should consider from a financial perspective. For Biden/Harris,…
SEC Removes Trump-Appointed Audit Watchdog
The Securities and Exchange Commission (SEC) on June 4 announced the firing of William Duhnke, the chairman of the Public Company Accounting Oversight Board (PCAOB.) The removal of Duhnke, an appointee of President Donald Trump, follows demands from Sen. Elizabeth Warren (D-Mass.) and Sen. Bernie Sanders (D-Vt.) for SEC Chairman Gary Gansler to sack the…
China’s Digital Yuan Will Not Topple the Dollar, SEC Official Says
April 29, 2021
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LONDON—China’s planned digital yuan will not dethrone the dollar, a top Securities and Exchange Commission official said on Thursday, citing the growth of so-called stablecoins backed by the greenback. The world’s biggest central banks, including the People’s Bank of China and U.S. Federal Reserve, are stepping up work on issuing digital cash, eyeing improvements to…
Senate OKs Tough Former Regulator as Market Watchdog Chief
WASHINGTON—The Senate has approved President Joe Biden’s choice of Gary Gensler to head the Securities and Exchange Commission, signaling an emphasis on investor protection for the Wall Street watchdog agency after a deregulatory stretch during the Trump administration. The vote Wednesday was 53-45, mostly along party lines in the narrowly Democratic-controlled Senate, to confirm Gensler,…
NTD Business Full Broadcast (April 14)
Biden gets his pick to lead the Securities and Exchange Commission. Will Gary Gensler force companies to disclose their Social Environmental and Governance activities? The largest U.S. cryptocurrency exchange goes public. Its initial market cap at nearly $100 billion. Fake vaccine cards are on the rise, even selling on the dark web. What’s the risk…
Bernie Madoff, Disgraced Ponzi Schemer, Dies at 82
NEW YORK—Bernard Madoff, who was convicted for running the largest known Ponzi scheme in history, died on Wednesday in prison where he was serving a 150-year sentence, the Federal Bureau of Prisons said. He was 82. Madoff for decades presented himself as a successful and trusted Wall Street kingpin while secretly engaging in investment fraud,…
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