Investing
U.S. SEC says will continue to carefully review China IPO prospectuses
© Reuters. FILE PHOTO: The seal of the U.S. Securities and Exchange Commission (SEC) is seen at their headquarters in Washington, D.C., U.S., May 12, 2021. REUTERS/Andrew Kelly/File Photo
(Corrects spelling error in headline)
WASHINGTON (Reuters) -The U.S. securities regulator will continue to carefully review issuer filings, it said on Wednesday in response to a Reuters report that Chinese offshore issuers are toning down China-related business risks in their listing documents.
“Any issuer who chooses to access the U.S. capital markets must comply with our federal securities laws and regulations,” a Securities and Exchange Commission (SEC) spokesperson said in a statement to Reuters on Wednesday.
“Our staff will continue its long-standing practice of carefully reviewing issuer filings and commenting to the issuer when appropriate.”
China’s securities regulator last month asked domestic law firms to refrain from including negative descriptions of China’s policies or its business and legal environment in initial public offering prospectuses, Reuters previously reported. China law firms are now scrambling to comply with that guidance.
In response to the Reuters Tuesday report, U.S. Senator Marco Rubio, a senior member of the Senate Committee on Foreign Relations, urged SEC chair Gary Gensler to “take action to protect American retirees and investors from these deceptive Chinese firms.”
Read the full article here
-
Investing5 days ago
Hurricane Helene Hits Spruce Pine Mine, Quartz Used for Tech
-
Side Hustles6 days ago
5 Key Strategies for a Seamless Cloud Migration
-
Investing6 days ago
Israel stocks lower at close of trade; TA 35 down 0.23% By Investing.com
-
Side Hustles6 days ago
Why the Future of Cybersecurity Marketing Relies on Trust
-
Side Hustles5 days ago
VP Exec’s Top Tips for Negotiating and Relationship-Building
-
Passive Income6 days ago
Go Paperless with the PDF Reader Pro for $49.99
-
Side Hustles5 days ago
Why the Smallest Details Mean the Most in Marketing
-
Make Money4 days ago
The Top Employers and Opportunities for Part-Time Remote Jobs