U.S. securities regulators charged China-based SinoTech Energy and its senior executives with misleading investors on Monday, part of an effort to crack down on accounting problems at Chinese companies listed in the United States.
A key U.S. securities regulator on Friday called for a "re-proposal" of a controversial ban on banks' proprietary trading, saying he fears a rush to implement it could cause major harm to U.S. markets.
Thursday, 26 Jan 2012 | Source: The New York Times
In the latest government tactic to prosecute crimes related to the financial crisis, the housing task force will attempt to crack down on financial firms suspected of improperly bundling home loans into securities for investors, the New York Times reports.
China's securities regulator denied a media report that the country would set up a Centralized Securities Lending Exchange to facilitate short-selling, the official Shanghai Securities News reported on Friday.
China is poised to unveil measures to bolster the country’s nascent short-selling industry in an effort to deepen its capital markets, according to securities officials and fund managers. The Financial Times reports.