Benjamin Wey, the head of New York Global Group, was accused of manipulating the shares of firms in reverse mergers. Photo: Reuters
Benjamin Wey, the head of New York Global Group, was accused of manipulating the shares of firms in reverse mergers. Photo: Reuters

Chinese companies face hard sell on Wall Street

Reverse merger gravy train dries up for companies seeking to list in New York after fraud allegations lead US authorities to tighten rules

Benjamin Wey, the head of New York Global Group, was accused of manipulating the shares of firms in reverse mergers. Photo: Reuters
Benjamin Wey, the head of New York Global Group, was accused of manipulating the shares of firms in reverse mergers. Photo: Reuters
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