Financial Officers of 23 States Ask SEC to Investigate, Delist Chinese Companies

Beijing’s ‘actions create an environment of opaqueness that is antithetical to the reporting requirements ... of the Securities Exchange Act,’ they wrote.

The seal of the U.S. Securities and Exchange Commission (SEC) is seen at their headquarters in Washington, on May 12, 2021. Andrew Kelly/Reuters

Financial officers of 23 states on May 20 urged Securities and Exchange Commission (SEC) Chair Paul Atkins to delist Chinese companies and protect American investors.

“The Chinese government’s actions create an environment of opaqueness that is antithetical to the reporting requirements and fraud prohibitions of the Securities Exchange Act,” the state treasurers and commissioners wrote.