The U.S. Securities and Exchange Commission (SEC) published the Statement on Investor Protection Related to Recent Developments in China on July 30, 2021. Which of the following statements is not in the SEC Statement?Single choice

A

The China-based operating company, the shell company issuer, and investors face uncertainty about future actions by the government of China that could significantly affect the operating company's financial performance and the enforceability of the contractual arrangements.

B

Investors are not buying shares of a China-based operating company but instead are buying shares of a shell company issuer that maintains service agreements with the associated operating company.

C

Disclosure of more detailed financial information, including quantitative metrics, so that investors can understand the financial relationship between the China-based operating company and the issuer.

D

The Holding Foreign Companies Accountable Act, which requires that the Public Company Accounting Oversight Board (PCAOB) be permitted to inspect the issuer's public accounting firm within five years, may result in the delisting of the operating company in the future if the PCAOB is unable to inspect the firm.

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