SEC Charges New York-Based Brokerage Firm With Faulty Underwriting of Public Offering by China-Based Company
FOR IMMEDIATE RELEASE 2015-51 Washington D.C., March 27, 2015 — The Securities and Exchange Commission today announced charges against a New York-based brokerage firm responsible for underwriting a public offering despite obtaining a due diligence report indicating that the China-based company’s offering materials contained false information.