The company has denied the allegations and said it had, “engaged third-party professional advisers to conduct an internal independent review” before the SEC’s review. They were down more than 5% Thursday. “If the audits are done properly it will go to zero and delist.”. MA: $83.54 $114.99. Re: GSX Techedu’s operational & financial frauds; market manipulation To Mr. Jay Clayton, This letter is in regards to the unmistakable fraud and market manipulator, GSX Techedu (ticker: GSX), and the lack of action to date by the SEC. The SEC maintains a publicly accessible listing of all public companies that have had their trading Share . journalists in 50+ countries covering politics, business, innovation, trends and more. said it would not contest Nasdaq’s decision to delist. The company has been a target for short-sellers in recent months. $60.00. That probe was prompted by a report from Wolfpack Research that accused iQiyi of inflating revenue and user numbers. A number of Chinese companies have been caught in accounting scandals, including Luckin Coffee and iQiyi. $17.15. Citron Research short-seller Andrew Left said the company’s suspicious enrollment numbers stood out in the highly competitive online education industry. Compare. 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It also said enrollment in its K-12 online course increased more than 300% year over year. Now: $63.90 $65.00. GSX Techedu, a US-listed Chinese education company, is facing an investigation by the US securities regulator following allegations from short-sellers that it faked sales. Can food delivery services save UK restaurants? Your email address will not be published. GSX Techedu is Faking Classes and Ruining Chinese Children’s Education Wednesday 14th October : Ticker GSX Data as of Oct.3 - updated Oct.10 Course Name … GSX Techedu SEC Filings & 10K Form Lowest-Rated Stocks $63.90-1.76 (-2.68 %) (As of 11/23/2020 12:00 AM ET) Add. SEC Probes China’s GSX Techedu After Short Sellers’ Pleas Short sellers accuse New York-listed tutoring company of inflating its sales. Notice from the SEC of registration effectiveness: Nov 20, 2019: Open Notice from the SEC … GSX Techedu, U.S. Securities and Exchange Commission Regaining Momentum in 2020 and Beyond Despite economic turmoil created by the COVID-19 pandemic, recent surveys show a clear trend of CFOs taking a long view when developing their international operations strategies and cross-border M&A plans. For financial … Today's Range. $65.51. In June, Luckin said it would not contest Nasdaq’s decision to delist the company after a financial misconduct scandal that led to the firing of its chief executive officer and chief operating officer and sent its share price plummeting. For financial … 50 Broad Street, New York, N.Y. 10004. Gain a global perspective on the US and go beyond with curated news and analysis from 600 52-Week Range. “That was a very important part of the short thesis,” Left said. GSX Techedu Inc is primarely in the business of services-educational services. 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