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EDITORIAL: Getting the good out of KY firms The Financial Supervisory Commission (FSC) plans to more strictly supervise foreign-registered Taiwanese companies listed on the Taiwan Stock Exchange (TWSE) and the Taipei Exchange after several “KY companies” caused heavy investor losses and damaged confidence in the local markets due to fake accounts and other financial problems. From Pharmally International Holding Co and TOPBI International Holdings Ltd to Enterex International Ltd, VHQ Media Holdings Ltd and Kayee International Group Co Ltd, KY companies have made the headlines over the past few months, affecting as many as 42,100 investors and prompting the financial authorities and certified public accountants (CPAs) to examine their business operations and financial disclosures with greater caution. ....