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China aims to tackle irregularities in equity crowdfunding market

( October 14, 2016, 04:31 GMT | Official Statement) -- MLex Summary: The China Securities Regulatory Commission, jointly with 14 ministry-level departments, has unveiled a plan to combat irregularities that arise in the crowd-investing industry, following a call by the State Council for an overhaul of the Internet finance sector. Regulators will strictly scrutinize equity crowdfunding platforms that engage in illegal fundraising through the Internet, the fraudulent issuance of securities, false advertising, and embezzlement of investors' funds.The statement follows:...

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