Stricter regulatory oversight of Chinese companies listed in the United States has caused the frequency of initial public offerings by mainland firms in the world's biggest economy to fall sharply.Saturday, 30 November, 2013, 1:55am 1 comment
The trial of former Goldman Sachs bond trader Fabrice Tourre was about “Wall Street greed,” a lawyer for the US Securities and Exchange Commission said as the trial began on Monday.
The SEC accuses Tourre of misleading investors in a mortgage investment called Abacus 2007-AC1 by not telling them that a hedge fund was involved in selecting the underlying assets and betting against it.16 Jul 2013 - 8:51am
The trial of former Goldman Sachs bond trader Fabrice “Fabulous Fab” Tourre next week gives the US Securities and Exchange Commission an opportunity to prove that it can win big cases tied to the financial crisis.
The SEC claimed an 85 per cent success rate in all trials last year, but its critics have said that, when it comes to the financial crisis, its win rate has been dismal.12 Jul 2013 - 11:34am
Chinese regulators will hand over some audit documents of US-listed Chinese companies to US securities regulators, US Treasury Secretary Jack Lew said on Thursday, a move that may thaw a dispute over multiple accounting scandals.12 Jul 2013 - 10:41am