WASHINGTON (Reuters) - U.S. securities regulators on Wednesday charged a former Morgan Stanley executive with fraud in connection with real estate investments in China. Morgan Stanley's former managing director in its real estate investment and fund advisory business, Garth Peterson, secretly acquired millions of dollars worth of real estate investments for himself and an influential Chinese official, the Securities and Exchange Commission said. The Justice Department filed related criminal charges, the SEC said. (Reporting By Aruna Viswanatha; Editing by Gary Hill)
A former Morgan Stanley executive settled with U.S. securities regulators in connection with real estate investments in China and prosecutors have filed a related criminal case, the Securities and Exchange ...
WASHINGTON – Regulators on Monday charged the Chinese affiliates of five top accounting firms with violating securities laws, alleging they refused to produce audit documents in connection with accounting fraud investigations into Chinese companies.
The Securities and Exchange Commission began proceedings against the Chinese units of Deloitte & Touche; Ernst & Young; KPMG; PricewaterhouseCoopers and BDO.
IFM Investments Limited (Century 21 China Real Estate) (CTC)
Q3 2011 Earnings Call
November 17, 2011, 8:00 a.m. ET
Donald Zhang - Co-founder, Chairman and Chief Executive Officer
Harry Lu - Co-founder, Vice Chairman and President
Kevin Wei - Chief Financial Officer
Josh Gartner - IR
Investors from multi-billion dollar hedge funds to individuals buying as few as 10 properties have acquired more than 1 million homes across the U.S. in the past three years, transforming a mom-and-pop business into one of Wall Street's hottest investments. As we noted here, Blackstone Group LP alone has acquired more than 40,000 properties in 14 cities to become the largest single-family landlord in the country.