Sifu, do you know SOX standard make a lot of foreign investor stop invest in US?

Really? Give some examples..why a lot of "foreign" investor stop invest in US?

AFAIK, SOX is applied to only public listed companies.

SOX require external auditor to evaluate internal control of every company which cost a lot of money need to pay by company. Thus, it reduce profit of company.

as far as i know the sarbanes oxley act applies to all plc in the US disregards to the country of origin. when it was first enacted many analysts claimed that it discouraged ipos as evident in the reducing number of new ipos in the US and growing number in europe.. i cant remember the year but there were data to substantiate the claim.
imho...ho only la, these investors (pls) will flock back to our beloved uncle sam venue as itnis the largest ' land of opportunity'

i remember now...after the enron corp scandal rhen the satyam case the sox was made more stringent...

This post has been edited by mikehwy: Feb 9 2014, 02:20 PM

wa wa....good economy good income for some, like me la.
but honestly i see dark clouds in the sky....just wonder when will it rains...don play play

That is actually a GOOD thing and it didn't actually stop investors. Infact, US based investors are encouraged by SOX complaint companies. Again, only Public Listed Companies!

The only type of companies are the entirely put off by SOX are those crooks and fraudulent companies which are scare of being audited because they got something to hide.

Mikehwy is correct, this came about after Enron and Worldcom case because they inflated their books with various accounting tricks.

Again, it did NOT stop people from investing in US but it did slow those CROOKs and pirate ships from cheating investors money.

Nowadays, there were some of the so called China based companies who got delisted by US exchanges (Nasdaq/NYSE) because they have fail in their proper accounting controls and cheated many investors money. Some of them have to restate their incomes because they used accounting tricks that does not conform to GAAP or US standards.



This post has been edited by danmooncake: Feb 9 2014, 09:35 PM

Yes for investor protection, but No for investor profit, especially for those mid-capital company. However, US standard is different to Malaysia and UK, not so sure how well the investor protection work.

Why it is NO for investor profit? The purpose of the established bill is to protect investor against manipulation of management from company to cheat investor's money. Pertaining to do invest in the US, your should well prepare to understand GAAP, ie how US system evaluate whether company make profit. It is just like when you play game monopoly, you are playing it while follow rule. Hope my little piece of advice would benefit you in investing US

This post has been edited by vincentxiang: Feb 10 2014, 12:17 AM

I'm confused by what you mean by Investor protection or investor profit.
In business, there is no guarantee it will make profit. Whether the company makes money (Profit or Loss) is another matter.

Vincentxiang is spot on. The SOX law is to prevent and discourage unscrupulous public company from making false statement and do due diligence when reporting their income statement and just make sure they follow established accounting standards. They must report their accounting accurately (it doesn't matter they make or lose money).

This post has been edited by danmooncake: Feb 10 2014, 12:37 AM

I think it may want to rain next week... all about different levels here.

All eyes on Yellen.. taper or no taper. If signs of continued taper.. growl.... bears will come out and play.

ah, wait a bit. let me make usd10 for my new twtr before yellen shouts QE QE QE ....another usd7 i will run, i mean sell lor.

When are the dates that one should look out for?

Yellen scheduled to speak Tues and Thurs (US time). She's going to talk about outlook and monetary policy.

The big one (debt ceiling) is on Feb 27th. Last chance for bears to rampage this market.

weak bear bear so far....

'their' future is looking good ... +70.
maybe yellen will wait till 27 only to crumble the ceiling?
still seeing dark clouds and just checked, my wallet still have dole for the rainy days.
we wait ya?

This post has been edited by mikehwy: Feb 11 2014, 05:03 PM

Been away from U.S news for awhile,

Will there be a confirmation that there will be results on 27th Feb?
I think there was one time that there was no results during the last announcement which result in a government shutdown, was it?

We don't know but most likely there will be a last minute deal.

I prefer to watch Ben leh. He looks powerful and more star-like, watching him is like watching a movie star speaks. This Yellen hor....less attractive.

So tapering intact, low interest rate intact. Market continues as it is = boring market.

This post has been edited by yok70: Feb 11 2014, 11:09 PM

Don't care how Yellen looks... bull mode again.. BUY BUY BUY to make money.

This post has been edited by danmooncake: Feb 12 2014, 08:57 AM

wow my FB touched USD 65 liao ^^