SEC takes action against Chinese billionaire’s companies over $500M offerings
The SEC has taken action against three companies owned by Chinese Billionaire Guo Wengui for commingling the proceeds from two unregistered securities offerings.
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The SEC has taken action against three companies owned by Chinese Billionaire Guo Wengui for commingling the proceeds from two unregistered securities offerings.
"Under our laws, they have to register with the Commission unless they qualify for an exemption," said Gary Gensler.
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