News Headline Summary

US regulators charged the Chinese arms of five top accounting firms with securities violations over their refusal to produce certain audit papers for US-listed Chinese companies

- The SEC said it has been seeking documents related to investigations of possible wrongdoing at nine China-based companies.
- An administrative law judge will schedule a hearing to determine potential sanctions against the Chines arms of the accounting firms.

04 Dec 2012 - 00:58 - - Source: Newswires

Subscribe Now to RANsquawk

Click here for a 1 week free trial

RANsquawk provides audio news and commentary for over 15,000 professional traders and brokers worldwide. Services include: