China Sun Group Hi-Tech Co. (CSGH)

[bar1080]

Doesn't the SEC approve Chinese reverse mergers? NOPE!

"But regulators said there is a core problem with tackling the reverse merger question head on because mergers come under state rather than federal law.

"We don't have a way to say, 'You can't do reverse mergers,'" said the SEC's Cross. "Because the issue of whether someone can merge is not an SEC question, but a matter of state law, it's not something where we could just wave a magic wand and say, 'we're not going to let reverse mergers happen anymore.'"


http://m.ibtimes.com/where-was-sec-as-trouble-festered-at-chinese-companies-177877.html