United States of America: SEC investigation into TAL Education Group and Mercurity Fintech Holding for limited access to corporate records

Progress

Current status
under deliberation
19 Jul 2022 under deliberation

Scope

Implementers
United States of America
Policy Area
Data governance
Policy Instrument
Cross-border data transfer regulation
Regulated Economic Activity
cross-cutting
Government Branch
executive
Government Body
other regulatory body
Implementation Level
national

Timeline of events

19 Jul 2022
under deliberation

SEC includes AL Education Group and Mercurity Fintech Holding in the conclusive list of issuers identified under the Holding Foreign Companies Accountable Act

On 19 July 2022, the United States (US) Securities and Exchange Commission (SEC) opened an investigation into AL Education Group and Mercurity Fintech Holding for failing to disclose financial audits and provide documents demonstrating that the comp…

Source
Event type investigation
Action type announcement
Government branch executive
Government body other regulatory body