Cant believe people are still buying this
Man Davies
Posts (4982)
Buy AMERICAN
MW UPDATE: Pompeo to call on stock exchanges to step up oversight of Chinese companies
6/4/20, 3:25 PM
Secretary of State Mike Pompeo will warn American investors of "fraudulent" accounting practices at Chinese companies and urge stock exchanges to tighten rules on them during a speech later Thursday, according to Reuters (https:// www.reuters.com/article/us-usa-china-pompeo-stocks-exclusive/exclusive-pompeo-to-urge-stock-exchanges-globally-to- tighten-rules-for-chinese-companies-idUSKBN23B2UC). The remarks will come as Congress is considering legislation that would bar Chinese companies from raising money in the U.S., unless they submit to American accounting procedures. A bill doing so has passed the Senate and has been introduced in the House. Pompeo will point to moves by Nasdaq to increase restrictions on initial public offerings after accusations of fraud against Luckin Coffee Inc. (LK) sent U.S.-traded shares of the Chinese coffee chain down 90% year-to-date. Securities and Exchange Commission Chairman Jay Clayton warned investors in April that investors "should consider the risks" related to U.S. regulators' inability to oversee audits of publicly listed Chinese companies.
-Chris Matthews; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
06-04-20 1525ET
Copyright (c) 2020 Dow Jones & Company
Still a POS, IMO
HUGE equity financing
That shit should be illegal. You can tell an Algo is running
I am dumping till those Fs get finished
MMs just tried to clear the stacks
Be smart here. Wait till MMs are done. Pick up more
Hmm.. I was thinking the opposite. MMs getting ready to play