At Bloomberg’s June 2 virtual event, Invest Talks: Markets in Focus, Bloomberg Television anchor David Westin interviewed Jay Clayton, Chairman of the U.S. Securities and Exchange Commission. Their conversation was followed by a discussion focused on “The Investors Angle” with David A. Hunt, President and CEO of PGIM; Jenny Johnson, President and CEO, Franklin Resources Inc.; and Kristi Mitchem, CEO of BMO Global Asset Management. Bloomberg TV anchor Scarlet Fu moderated the panel.
Keep reading for key insights – and you can watch the full event here.
Jay Clayton, Chairman of the SEC, signaled support for legislation that could lead to the delisting of Chinese companies from U.S. stock exchanges if American officials aren’t allowed to review their financial audits. One option, in a bill passed last month by the U.S. Senate, would bar trading in securities of companies that fail to allow U.S. officials to review their financial audits for three straight years. “This is a very sensible way to approach a problem that’s been around for a while,” Clayton said. “This is a problem that I believe needs to be addressed and I hope it can be.”
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