USA Regulators Suspend Market Trading in Another China Firm

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USA Regulators Suspend Market Trading in Another China Firm

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sharon sanders

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Join Date: Feb 2006

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USA Regulators Suspend Market Trading in Another China Firm

October 7, 2011, 08:27 PM

BY MICHAEL RAPOPORT

The Securities and Exchange Commission suspended trading Friday in a Chinese company that made news earlier this year when it allegedly directed its auditors to a fake website as they tried to verify its bank balances.

The SEC's 10-day trading halt in China-Biotics Inc., a Shanghai-based maker of food-supplement products, is the latest action against U.S.-traded Chinese companies that have faced criticism over their accounting and disclosure practices.

wsj.com

http://online.wsj.com/article/SB10001424052970204294504576617210287567804.html?mod=rss_Health

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