Trump Administration Blocks Sale of Chicago Stock Exchange to Chinese
by Matthew Boyle President Donald Trump’s pushback against Chinese takeover of U.S. industry is in full swing as the Securities and Exchange Commission (SEC) has officially blocked an effort by China to buy the Chicago Stock Exchange. “We have concluded that the Exchange has not met its burden to show that approval of the proposed rule change is appropriate,” the SEC said in an order posted on its website blocking the sale, per Politico. “Accordingly, it is not necessary for us to consider either the relevance of such foreign investment concerns to our statutory review of this proposed rule change...
by Matthew Boyle President Donald Trump’s pushback against Chinese takeover of U.S. industry is in full swing as the Securities and Exchange Commission (SEC) has officially blocked an effort by China to buy the Chicago Stock Exchange. “We have concluded...
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