Rick Pearson is a Beijing-based private investor focusing on U.S.-listed China small-cap stocks. He is a contributing writer to TheStreet whose views on these stocks are independent of TheStreet's news coverage.BEIJING ( TheStreet) -- It was widely announced Tuesday that the Securities and Exchange Commission was conducting a major crackdown on the practice of "reverse mergers" by Chinese companies due to widespread allegations of accounting misstatements and outright fraud. It was top headline news at TheStreet as well as the Wall Street Journal.
China Stock Fraud News Already Priced In
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