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​​​​​​​SEC Chief Lauds Foreign Listings Law, Looks Ahead To Rules

ADVERTISEMENT ​​​​​​​SEC Chief Lauds Foreign Listings Law, Looks Ahead To Rules Law360 (December 18, 2020, 11:35 PM EST) U.S. Securities and Exchange Commission outgoing chairman Jay Clayton said President Donald Trump s enactment Friday of the Holding Foreign Companies Accountable Act will address critical investor protection issues, but that SEC rule proposals regarding tougher listing standards for Chinese issuers will have to wait until after his tenure. Clayton said in a statement Friday that the new law will require significant SEC action to implement and that the Commission s consideration of a rule proposal will not occur during my tenure. The chair lauded the new bipartisan-supported law which aims to tighten requirements for foreign companies hoping to sell shares in America.

Trump signs bill that could kick Chinese firms off U S stock exchanges

Trump signs bill that could kick Chinese firms off U.S. stock exchanges The Holding Foreign Companies Accountable Act bars securities of foreign companies from being listed on any U.S. exchange if they have failed to comply with the U.S. Public Accounting Oversight Board s audits for three years in a row.  Written By: Reuters | × President Donald Trump departs on travel to West Point, New York from the South Lawn at the White House in Washington, Dec. 12, 2020. REUTERS/Cheriss May/File Photo WASHINGTON, Dec 18 (Reuters) - President Donald Trump on Friday signed legislation that would kick Chinese companies off U.S. stock exchanges unless they adhere to American auditing standards, the White House said.

Trump is ready with a $2 trillion jolt for China as a ruthless delisting of Chinese companies begins – Investment Watch

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