Benjamin Wey Sues NASDAQ, Adena Friedman, 14 Defendants For Lying to FBI, Fraud
Adena Friedman, 13 Other NASDAQ Defendants Sued for Lying to FBI, fraud ADENA FRIEDMAN, the ostentatious NASDAQ CEO may soon have to find another dark closet to hide her pile of cash. What’s taken place inside the burning NASDAQ “dog house” under Adena Friedman’s watch is just plain corporate greed that invites puking, according to […]
FORBES MAGAZINE: In Rare Move, SEC Reverses Nasdaq’s Delisting Of Chinese Company
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
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 […]
Foreign researchers wreak havoc by illegally short selling Chinese stocks
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 […]