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SEC deal with accounting firms paves way for Chinese IPOs in US
Add BT as a preferred sourcePublished Sun, Feb 8, 2015 · 09:50 PM
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Washington
US regulators have ended a three-year standoff that could have jeopardised the listings of hundreds of China-based companies trading in the United States.
The Chinese affiliates of the four largest accounting firms each agreed to pay US$500,000 to resolve Securities and Exchange Commission claims that they blocked investigations of accounting fraud by refusing to hand over documents, the SEC said in a statement on Friday.
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