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The SEC is probing foreign companies with questionable accounting practices that have used...

Monday, April 4, 2011, 2:10 PM ET
The SEC is probing foreign companies with questionable accounting practices that have used backdoor methods to access U.S. capital markets, SEC commissioner Luis Aguilar says. At issue are moves by private foreign firms, many of them Chinese, to merge with U.S. shell public companies; red flags were raised after some hired unknown auditing firms.

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This news story has 5 comments:

Poor Texan Comments (3489)

Oh boy, the SEC is on the case. Should know something in a few years.

4 Apr 2011, 02:12 PM Reply Like

warrenrial Comments (536)

We need to prob the SEC.

4 Apr 2011, 02:17 PM Reply Like

Mike Maher Comments (1778)

Talk about being late to the game. Where was the SEC for the last year?

4 Apr 2011, 02:19 PM Reply Like

davidbdc Comments (2990)

There are only about 10,000 articles that have been written about the practice and now the SEC is going to investigate.

Its unbelievable these people are allowed to keep their overpaid jobs.

4 Apr 2011, 02:26 PM Reply Like

Tom Armistead Comments (4558)

Nothing will come of it unless they can find a way to rope in some sort of celebrity to give it p/r power.

4 Apr 2011, 02:29 PM Reply Like

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