Replies to post #8271 on China MediaExpress Holdings, Inc. (fka CCME)

[seekingjustice2]

Rest easy stills999 on the "certain auditor" concern. The Securities Exchange Act's audit provision requires a "registered public accounting firm", but doesn't qualify that definition. The SEC can't trump Congress, so any effort to dictate would violate 15 USCS § 78j-1. In other words, the law, for once, is on our side :).

[Headley Lamar]

The SEC is struggling to remain relevant - I heard one politician call the SEC a toothless old dog sleeping by the fireplace. That said, I would welcome an SEC investigation 100%. Let them investigate the entire sector. They may find some more dirty companies, but those that they deem "clean", which I am wholly confident would include CCME, will leave nothing for the shorts and will encourage more large investors.