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Article: SEC Orders Foreign Firms to Report Activities.(United States. Securities and Exchange Commission)(Brief Article)
- Article from:
- Insight on the News
- Article date:
- June 18, 2001
- Author:
CopyrightCOPYRIGHT 2001 News World Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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As noted here several weeks ago, an intriguing fight is looming about what hawks believe would be the most effective punishment the United States could impose upon China and other "bad actors" on the international scene who defy Western norms: Hinder their access to the U.S. capital markets. That battle now likely will be more politically brutal because of the recent "hawkish" decision of the Securities and Exchange Commission (SEC) to require foreign firms raising U.S. capital to disclose their activities and those of subsidiaries in countries such as the Sudan and Cuba that are subject to U.S. sanctions.
Along with the greater disclosure demand, foreign firms ...