Senators Ask SEC to Expand Reviews of Listed China-Linked Firms

Sens. Tim Scott and Elizabeth Warren send letter to SEC Chair Paul Atkins urging the agency to examine how Chinese companies have used variable interest entities to list on US exchanges, according to an emailed statement.

• More than a dozen senators sign on to bipartisan letter seeking to expand the SEC’s new Cross-Border Task Force to Combat Fraud reviews to protect US investors and financial systems
• Senators ask agency to review legal landscape and disclosure requirements, among other issues, related to variable interest entity structures

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Tyler Clifford in Washington at tclifford13@bloomberg.net

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