sharon sanders
Editor-in-Chief & President
BY MICHAEL RAPOPORT
The Securities and Exchange Commission suspended trading Friday in a Chinese company that made news earlier this year when it allegedly directed its auditors to a fake website as they tried to verify its bank balances.
The SEC's 10-day trading halt in China-Biotics Inc., a Shanghai-based maker of food-supplement products, is the latest action against U.S.-traded Chinese companies that have faced criticism over their accounting and disclosure practices.
http://online.wsj.com/article/SB10001424052970204294504576617210287567804.html?mod=rss_Health
The Securities and Exchange Commission suspended trading Friday in a Chinese company that made news earlier this year when it allegedly directed its auditors to a fake website as they tried to verify its bank balances.
The SEC's 10-day trading halt in China-Biotics Inc., a Shanghai-based maker of food-supplement products, is the latest action against U.S.-traded Chinese companies that have faced criticism over their accounting and disclosure practices.
http://online.wsj.com/article/SB10001424052970204294504576617210287567804.html?mod=rss_Health