Longtop Violates SEC Rules

Date:2011-08-31lile  Text Size:

HONG KONG—Longtop Financial Technologies Ltd. said Monday it could face legal action from the U.S. Securities and Exchange Commission for violating disclosure rules, dealing a blow to the company amid a wave of Chinese accounting scandals.

The Xiamen, China-based financial software provider said in a filing to the SEC on Monday that it had received from the agency on Aug. 19 a Wells notice, ...

2005-2011 www.researchinchina.com All Rights Reserved 京ICP备05069564号-1