‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInCarson Block reveals Muddy Waters’ secret weapon: the SEC | South China Morning Post
Muddy Waters, whose analyst reports triggered US$7 billion in losses for mainland Chinese stocks, used an unlikely secret weapon for its research: the public website of the United States Securities and Exchange Commission…. “The CorpFin accountants do a good job of spotting issues in the companies’ filings,” said [Carson] Block, a co-author of Doing Business […]
Are Short Sellers Fabricating the Accounting Fraud Allegations Involving U.S.-Listed Chinese Firms?
Now, it is nothing new for companies to assert that the bad news circulating about them is based on rumors from profit-motivated short sellers. But the Deer Consumer Products takes this common gripe quite a bit further. The company asserts that the supposed analyst, Alfred Little, whose reports are the source of the rumors and […]