US Securities and Exchange Commission | South China Morning Post
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  • Jan 27, 2015
  • Updated: 4:51am

US Securities and Exchange Commission

Bribery penalties could reach US$132 million, Avon says

Avon’s revenue in China has plunged during the investigation by US authorities. Photo: AP

Avon Products, the world’s largest door-to-door cosmetics seller, said it may have to pay as much as US$132 million to resolve criminal and civil probes into whether it paid bribes in China and other countries.

Friday, 14 February, 2014, 2:54pm

SEC policy expected to encourage whistle-blowers in Asia

GSK is being investigated for suspected mainland bribery.

The number of employees informing on a company's wrongdoing in Asia, including China, is expected to continue rising with a new policy by the US Securities and Exchange Commission (SEC) to protect the whistle-blowers, analysts say.

15 Feb 2014 - 2:05am

JPMorgan stops work on Chinese firm's US$1 billion IPO amid concerns over hiring

JPMorgan's hiring practices in Hong Kong and the mainland have come under regulators' scrutiny. Photo: Reuters

For the second time in three months, JPMorgan Chase has ceased working on a major Chinese initial public offering amid a US investigation into the Wall Street giant’s hiring practices.

21 Jan 2014 - 4:49pm

SEC warns it may act against PetroChina over Iran dealings

Energy firm PetroChina previously said it had bought some crude oil from certain countries on the US sanction list such as Sudan. Photo: AFP

The US Securities and Exchange Commission (SEC) has warned it might take action against PetroChina after the energy giant admitted for the first time to doing business with its state-owned parent that involved countries under US sanctions, including Iran and Sudan.

18 Jan 2014 - 12:45am 3 comments

RBS settles with US Securities and Exchange Commission for US$153.7 million over mortgage-backed securities

RBS is just the latest of several banks that have settled with the SEC over sales of risky mortgage securities that helped lead to the global financial crisis. Photo: AFP

The Royal Bank of Scotland has reached a US$153.7 million settlement with the US Securities and Exchange Commission over an investigation into its mortgage-backed securities.

8 Nov 2013 - 12:31pm

SEC sues Chinese video firm Subaye for fraud

SEC sues Chinese video firm Subaye for fraud

The US Securities and Exchange Commission (SEC) is suing Chinese video-advertising and entertainment company Subaye for fraud, saying it has an "imaginary business" and has misled investors about its financial prospects and revenue.

10 May 2013 - 2:36am

Hewlett-Packard weighs disposal of businesses that don't meet goals

Meg Whitman

Hewlett-Packard said it is evaluating the disposal of businesses that do not meet goals more than a year after chief executive Meg Whitman said she did not plan to spin off the personal-computer division.

2 Jan 2013 - 4:24am

Accounting showdown

The US regulator wants the audit papers of Chinese companies listed on US stock exchanges or it will delist them. Photo: Reuters

Without much public fanfare or even awareness except in the gloomy world of bean-counting accountants, China and the United States have embarked on yet another business collision course. Patrick Chovanec, the respected Tsinghua University-based American academic asks whether they can avert an "accounting Armageddon".

12 Dec 2012 - 4:04am

Deutsche Bank hid losses, says ex-worker

Eric Ben-Artzi, a former quantitative risk analyst for Deutsche Bank, alleged that Europe's biggest lender engaged in a multibillion-dollar securities violation.

Deutsche Bank denied the allegation.

7 Dec 2012 - 3:23am

SEC hits China petro firm with fraud suit

The US Securities and Exchange Commission sues China North East Petroleum Holdings for diversion of funds.

China North East Petroleum Holdings and company executives were sued by the US Securities and Exchange Commission over claims that offering proceeds were fraudulently diverted to insiders' personal accounts.

The US government claimed in a complaint filed yesterday in Manhattan federal court that insiders made US$59 million without proper disclosures.

1 Dec 2012 - 3:07am

Business Digest, November 27, 2012

The Aston Martin DB5 driven by Scottish actor Sean Connery in the James Bond movies 'Goldfinger' and 'Thunderball'.

Beijing probes alleged dumping from abroad

27 Nov 2012 - 3:14am

Business Digest, November 13, 2012

Lai Sun Garment (International) chairman Peter Lam Kin-ngok

Well Advantage, SEC to settle Nexen case

13 Nov 2012 - 6:09am

Dagong in US, Russia ratings link-up

Ratings agency Dagong said yesterday it was linking with United States and Russian partners to form an "independent" group to rival US-based agencies it claims have "proven inadequate".

24 Oct 2012 - 4:01am

China a closed book for regulator

The US Securities and Exchange Commission has accused Chinese regulators of blocking its attempts to stamp out a wave of accounting fraud by mainland companies listed on US stock exchanges.

7 May 2011 - 12:00am

Accountability is not just for the little people

What would it take to persuade Chief Executive Donald Tsang Yam-kuen that one of his senior officials or closest advisers needs to resign?

22 Feb 2008 - 12:00am

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