The SEC to strengthen supervision by shell listed

moncler jackets In view of the listed company recently appeared financial scandal, the securities and exchange commission (SEC) said yesterday, the SEC has authorized the three major securities trading markets improve borrow shell of new rules listed threshold, in order to strengthen to the foreign companies in the United States through reverse takeover listed regulation classic moncler.

One is the reverse acquisition must be after after a year of "mature", that is, in the United States the over-the-counter market or other regulated U.S. or foreign securities exchange for a full year, and submit to the SEC required reports. 2 it is listed on the submit application and market approval for its listing of the 60 trading days, at least 30 trading day share price shall not be lower than the provisions of a price moncler women.

SEC chairman Shapiro said to be listed enterprises set up by shell is more strict request will be better able to protect investors. SEC think that, in some cases, regulators and auditors from hard to reverse takeover company to get a reliable information, especially some of the reverse acquisition from overseas moncler men.

Therefore, more and more enterprises to choose the through the reverse acquisition on the market. This year in the United States of some china-related shares listed on financial fraud, illegal in operation, news, much of it is coming from the reverse takeover of the listed by the enterprise moncler outlet.