SEC Statement On Emerging Markets Is A Stunning Failure

Law360 (April 27, 2020, 5:41 PM EDT) -- The recent announcement by the U.S. Securities and Exchange Commission warning investors to be careful when making investments in Chinese and other emerging markets companies listed on U.S. exchanges is the epitome of abdication.[1]

The SEC was founded in 1934 to protect American businesses and investors from fraudulent conduct. The fundamental founding principal of the SEC was that companies seeking access to the vast store of American capital must be truthful in their communications to investors and potential investors. Our country's financial history is littered with times when the SEC, despite its best intentions, made mistakes, falling asleep at the wheel...

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