International Law

Illegal Securities Activities Targeted in New Year's Regulatory Action

Investors should note the following article, detailing "illegal securities activities," this past week made the target of apparently concerted regulatory enforcement. Specifically, activities include the issuance of stock as well as the offering of brokerage and investment research services without prior government approval, 90% of which are allegedly carried on with criminal intent to deceive. While the article quotes the authorities calling it a widespread problem, only 1,400 such cases were reported nationally in 2007. However, what interested me most was this:

????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????? [Editor's paraphrase: The problem that stands out is the delineation of what is legal and what is illegal...as well as how to distinguish between violations of the criminal law...whether a victim can proceed in a civil suit based on illegal securities activities, etc....all obstacles to effective securities law enforcement.]

Hence, perhaps, the issuance of this order ???????????????????(????2008?1?, which may be found in its entirety here.

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21?????? ?2008-01-08 11:38:42

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Full post as published by Asia Business Intelligence on January 09, 2008 (boomark / email).