U.S. SEC warns against switching auditors to avoid Chinese company trading bans
U.S. accounting firms that agree to lead audits of New York-listed Chinese and Hong Kong companies looking to avoid potential trading bans risk breaching U.S. rules, the U.S. Securities and Exchange Commission (SEC) warned on Tuesday.
Analysis: U.S., China audit agreement not yet a done deal, lawyers warn
There was much relief for investors in U.S.-listed Chinese firms after Beijing and Washington struck a long-pending audit deal, but legal experts and China watchers warn the two sides could still clash over how the accord is interpreted and implemented.
With Alibaba stake cut, SoftBank’s Son cools toward China tech
SoftBank Group Corp’s (9984.T) decision to sell down its Alibaba Group Holding (9988.HK), stake for a $34 billion gain may be aimed at bolstering its finances, but it also underlines how CEO Masayoshi Son has cooled on China tech.
Analysis: China investors hedge U.S. delisting risk with Hong Kong play
Global fund managers holding U.S.-listed Chinese stocks are steadily shifting towards their Hong Kong-traded peers, even as they remain hopeful Beijing and Washington will eventually resolve an audit dispute to keep Chinese firms on American exchanges.
Analysis: Why Elon Musk’s fight with Twitter could draw further SEC scrutiny
Twitter Inc’s (TWTR.N) fight with Elon Musk to enforce his $44 billion deal to buy the social media platform could attract scrutiny from the U.S. securities regulator over whether Musk has misled the market during the course of the deal.
Ericsson shares fall on worries of bigger fine as U.S. SEC starts probe
Shares of Ericsson (ERICb.ST) fell 2.5% on Friday as the chance of it suffering a higher fine increased with the U.S. Securities and Exchange Commission (SEC) starting a separate investigation into the company’s handling of misconduct in Iraq.
Japan urges crypto firms to comply with sanctions against Russia
Japanese authorities ordered crypto exchanges on Monday not to process transactions involving crypto assets subject to asset-freeze sanctions against Russia and Belarus over the war in Ukraine.
Robinhood says it is in ‘strong position’ to face unlikely market events
Robinhood Markets Inc (HOOD.O) on Tuesday highlighted steps it has taken to avoid imposing trading restrictions and said it was in a “strong position” to support customers through unlikely market events, in a blog post published almost one year after a social-media-fueled rally that rattled markets.
Reddit jumps on IPO bandwagon with confidential filing
Reddit Inc, whose message boards became the go-to destination for day traders during this year’s meme stock frenzy, said on Wednesday it had confidentially filed for an initial public offering with U.S. securities regulators.
