Why do you want to expose yourself, because you are shorted by the market. That’s right, the U.S. stock market can be shorted, and the exposure of Ruixing’s fraud just proved the importance of the short-selling mechanism. The short-selling mechanism allows short-sellers to make money from the decline in the stock prices of distressed companies. These bearish institutions are like powerful hunters, always watching unscrupulous companies in the market, once they find conclusive evidence, they will strike. enormous pressure on problematic companies in the U.S. stock market, making listed companies afraid to make fakes easily, which has brought about a strong supervisory effect. Of course, the China Securities.
Regulatory Commission also issued a document expressing great concern and strongly condemning the company's financial fraud. No matter where they are listed, listed Vietnam phone number list companies should strictly abide by the laws and rules of the relevant market, and fulfill their information disclosure obligations in a true, accurate and complete manner. On December 17, 2020, the U.S. Securities and Exchange Commission (SEC) issued a penalty decision against Ruixing Coffee’s financial fraud allegations. Ruixing agreed to pay a fine of 180 million US dollars (about 1.178 billion yuan) to settle the charges.
However, Ruixing's "debt repayment" road is not over, and Ruixing Coffee will also give an account to investors who lost due to fraud. The U.S. stock market has risen for 100 years When looking at the trend of US stocks in the past 100 years , you may be a little surprised. Take the 100-year chart of the Dow Jones Industrial Average below. Clearly, this is a graph with rising volatility. The biggest drop in the graph occurred during the Great Depression in the United States in the 1930s. During World War II, it still rose slightly until 1954, when it returned to a record high, and then continued to climb sharply for decades.