China Growth Stocks

[pmony5]

CCME street piece claiming S.E.C involvement
http://www.thestreet.com/story/10996369/2/china-rto-pump-and-dump-scam-alleged.html

Other Chinese companies have come public in the U.S. after merging with another type of shell called a special purpose acquisition vehicle. That was the case with China MediaExpress(CCME_), whose shares plunged Thursday after a short seller accused the company of reporting fictional profits

Because so many companies have been accused of fraud in recent months, securities regulators have turned their gaze toward the phenomenon. According to people involved in the probe, the SEC is examining more than a dozen Chinese reverse-merger companies with shares listed on major exchanges. The agency is also interested in the role played by the so-called gatekeepers: the finders, promoters, bankers, auditors and law firms that help bring small Chinese companies to U.S. capital markets