NEW YORK—The U.S. Securities and Exchange Commission on Friday added Alibaba Group Holding to a list of Chinese companies at risk of being delisted from the U.S. exchanges if their auditors can’t be inspected before spring 2024.
Under the Holding Foreign Companies Accountable Act of 2020—which took effect in 2021—the U.S. can ban the trading of securities of companies whose auditors can’t be inspected by the American audit watchdog for three consecutive years.
Source: finance.yahoo.com
Related posts:
Starbucks fires 7 Memphis employees seeking union
The S&P 500 could crash by 30%, a recession is likely underway, and interest rates might not fal...
The 6 best budgeting apps to replace Mint in 2024
Amazon set to report earnings after disappointing reports from Big Tech
1 Dividend Stock Down 53% You'll Regret Not Buying on the Dip