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Xinyuan Real Estate Co., Ltd. Message Board

  • giddyupdow44 giddyupdow44 Dec 4, 2012 2:23 PM Flag

    Our Government at Work

    NOW THEY HAVE A PROBLEM!!!!!! After allowing the fleecing of Americans the SEC wants to take actions against Accounting firms that are following the laws of a Nation that were known to the SEC before they allowed the listing of these firms in the first place. Maybe we need to investigate the SEC and see how they conduct business. Heck-America can't even figure out how to balance our budget and we want to dictate to the world how to run their countries.

    Sentiment: Strong Buy

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    • Agreed, since some of these so called companies that committed fraud the United States cannot touch the individuals involved because they are Chinese citizens. The SEC will turn their guns on the accounting firms instead. This way "they got somebody". In the case of PUDA, which I got wrapped up in the accounting could have never known what the Chairman was up to, but the SEC will focus on the accounting firm because the Chairman is untouchable. They also filed charges against the one American who also had no knowledge of the Chairman's schemes.

    • Ever wonder why they didnt find 'ENRON--LEHMAN or many others.........................instead they go after foreign listed companies.

5.35-0.17(-3.08%)Oct 27 4:02 PMEDT