BENJAMIN WEY, wall street financier, CEO, journalist, New York Global Group

Financier Benjamin Wey Exonerated in Victory, Hires Plaintiffs Lawyers Seeking $1 Billion in Damages

2017-08-15

BENJAMIN WEY, an American financier and the CEO of private equity firm New York Global Group was exonerated of all charges in a landmark victory for citizens and businesses. On August 8, 2017, New York federal prosecutors dropped all allegations against Wall Street employer Benjamin Wey, who was falsely charged in 2015 for alleged securities law violations. This historic win created a new […]

FORBES MAGAZINE: In Rare Move, SEC Reverses Nasdaq’s Delisting Of Chinese Company

2013-08-02

In a landmark decision last month, the U.S. Securities and Exchange Commission reversed Nasdaq’s decision to delist a Chinese alternative energy company. The SEC determined that CleanTech Innovations had not intentionally withheld crucial information from Nasdaq. “[T]he record does not show that the specific grounds on which Nasdaq based its delisting decision exist in fact,” […]

Focus Media Holdings Abandons the NASDAQ Stock Market Amid Regulatory Abuses at the NASDAQ

2013-05-31

China’s largest display advertising company Focus Media Holdings (Nasdaq: FMCN) has successfully exited the NASDAQ Stock Market in a $3.8 billion acquisition advised by JP Morgan. The buyout is the largest China based company in history that has abandoned the NASDAQ Stock Market. Focus Media Holdings is an investment portfolio company of global investment firm […]

Stanford University Research: Chinese Reverse-Merger Firms Outperform U.S. Peers

2013-01-23

Chinese companies entering the U.S. stock market in the past decade through reverse mergers have outperformed U.S. companies that used the same route to list, belying reports by short sellers including Muddy Waters LLC, a Stanford University professor said. The track record of Muddy Waters founder Carson Block has been mixed, said Charles Lee, an […]

Foreign researchers wreak havoc by illegally short selling Chinese stocks

2011-12-01

An increasing number of Chinese stocks have been shorted by foreign research firms, shaking the foundation of Chinese stock markets and causing the shares of several major companies to plunge. Researcher Muddy Waters has continued to hold short positions on advertising firm Focus Media, while investors sold stocks in Sina, a long-established internet portal, as […]