Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Nasdaq OMX CEO on Chinese Reverse Merger Listing Standards

“Let’s make it clear – it’s identical,” said Bob Greifeld, CEO of the NASDAQ OMX Group, in reference to the auditing standards of Chinese reverse mergers in comparison to other public companies listed on the NASADAQ.  Mr. Greifeld recently appeared on CNBC’s Fast Money, where he received several questions about Chinese IPO and reverse merger accounting practices.  Chinese IPOs and Chinese reverse mergers have been receiving negative attention as of late from multiple media outlets, most notably CNBC. Mr. Greifeld adamantly declared that all companies listed on the NASDAQ go through the same rigorous due diligence process and all accounting standards are indistinguishable.

We’ve seen numerous pieces from the likes of David Faber and Herb Greenberg over the past few months sensationalizing Chinese IPOs and reverse mergers as virtually mystery investments, where nothing reported in an SEC filing could be considered authentic. However, it appears Mr. Greifeld has put those ghost stories to bed, exclaiming that Chinese companies receive no special treatment for listing agreements. One has to wonder if Greifeld demanded an appearance on CNBC putting these rumors to rest, considering there are roughly 150 Chinese companies listed on the NASDAQ and he owns the building where many of CNBC’s shows are filmed.

Video of Nasdaq CEO Bob Greifeld asked about Chinese IPO and Reverse Merger Listing Standards