Chicago Stock Exchange Sale to China Ends Nasdaq Monopoly on Listings

https://www.theblot.com/chicago-stock-exchange-sale-china-ends-nasdaq-monopoly-listings-7751684
CHICAGO STOCK EXCHANGE SALE-TO-CHINA-ENDS-NASDAQ-MONOPOLY-ON-LISTINGS

CHICAGO STOCK EXCHANGE-SALE-TO-CHINA-ENDS-NASDAQ-MONOPOLY-ON-LISTINGS

CHICAGO STOCK EXCHANGE is sold

Chicago Stock Exchange, the 134 year old symbol of the American capitalism said a Chinese investor group in south China agreed to acquire it, giving the buyer entry into the competitive U.S. equity market. The strategic move by the Chinese is putting an end to the monopoly for corporate listings dominated by the Nasdaq Stock Market, headed by Nasdaq’s notorious General Counsel Ed Knight. Bernie Madoff, the “king of Ponzi scheme” serving a life sentence is Nasdaq’s former Chairman and the boss of the disgraced Ed Knight.

In 2011, the scandal-plagued Nasdaq was sued by China-based CleanTech Innovations, Inc. for racism and fraud. In a historic, unanimous ruling by all of the Commissioners of the Securities and Exchange Commission chaired by the courageous Mary Jo White, the Nasdaq Stock Market was deemed an institutional racist, reported by the Forbes Magazine.

“CleanTech’s disclosures have satisfied the letter of Nasdaq’s rules, but they didn’t satisfy the ‘Nasdaq spirit – Ed Knight, Nasdaq

The SEC Commissioners’ unanimous findings against the fabricated “Nasdaq Spirit“?

“[T]he record does not show that the specific grounds on which Nasdaq based its delisting decision exist in fact,SEC Commissioners

The SEC strongly rebuked the Nasdaq for fabricating evidence, discrimination against Chinese companies. Nasdaq had delisted CleanTech for violating a so-called “Nasdaq Spirit” – a bizarre statement cited by the racist Ed Knight as part of Nasdaq’s “discretionary authority”, which is not a listing rule in existence anywhere. The Forbes Magazine blamed Nasdaq General Counsel Ed Knight for rigging Nasdaq’s listing appeal program that blatantly prejudiced the Chinese people and Chinese listings.

Read more: RODDY BOYD EXPOSED – FRAUD ‘JOURNALIST’ TRASHES COMPANIES, BRIBED BY JON CARNES CRIME FAMILY

Chicago Stock Exchange, the future is in China

Two obscure SEC “enforcement” staffers Steven Susswein, Cheryl Crumpton have declined to comment on the Chicago Stock Exchange’s rising competition against the Nasdaq. Neither would they comment on the record what is a “Nasdaq Spirit,” or if the Nasdaq has been operating a religious cult as a side business. They have declined to comment why Nasdaq should have delisted a Chinese company based on some fabricated “Nasdaq Spirit” as a listing standard, contrary to SEC mandates.

“The Chicago Stock Exchange will level the playing field against Nasdaq, racism,” said an investment banker familiar with the Chicago transaction. “Investors have seen plenty of corruption and abuses of power at the Nasdaq.”

Read more: Stock short sellers duped the Nasdaq, misled SEC bureaucrats

China’s Chongqing Casin Enterprise Group, a multi-billion dollar conglomerate has signed a definitive agreement to acquire the Chicago Stock Exchange, according to a statement Friday, which has paid about $100 million for a majority stake. The Chicago Stock Exchange said the deal is expected to close in the second half of the year, though that will require regulatory approval. Chicago has engaged lobbyists in Washington DC to combat potential political resistance.

“China is a huge growth market. Our strategy is consistent with theirs,” Chicago Stock Exchange Chief Executive Officer John Kerin said. “We are a standalone, full-service exchange that they can grow in a manner that suits their needs.”

Read more: DISGRACED NASDAQ OFFICIAL MICHAEL EMEN REVEALS NASDAQ AS AN INSTITUTIONAL RACIST, ED KNIGHT IMPLICATED…

The acquisition would be the first of a U.S. exchange by a Chinese company. The 134-year-old bourse, which handles about 0.5 percent of U.S. stock trading, would give the buyer a beachhead in the $22 trillion American equity market, where regulations require trades to be routed to whichever exchange has the best price for a stock at a given moment. Sales of stocks exchanges, which tend to be national symbols, have faced political objections in the past. When Germany’s Deutsche Boerse wanted to buy the owner of the New York Stock Exchange in 2011, Sen. Charles Schumer, a Democrat from New York, raised obstacles. Donors to Shumer’s reelection campaigns are allegedly packed with stock short sellers that often make a killing short-selling Chinese stocks and then blaming China for America’s woes.

Read more: Catching Stock Fraud Criminal JON CARNES, the Real-Life Wolf of Wall Street

The Chinese investor said it was attracted to the market because of the potential to “bring exciting Chinese growth companies to U.S. investors,” according to a quote in the statement from Shengju Lu, Casin’s founder and chairman.

Read more: Ed Knight, NASDAQ General Counsel implicated in listing scandal, fraud charges 

Founded in the 1990s through a privatization of state-owned assets, Casin Group initially focused on developing real estate projects in Chongqing before expanding into the environmental and financial industries. While the firm owns stakes in banks and insurers, it has never owned an exchange. “We have reviewed CHX’s plans to improve market share through new growth initiatives and fully support them,” said Casin’s founding Chairman, a torch bearer during the Beijing Olympic games in 2008, according to the statement.

WILLIAM UCHIMOTO, a China expert and leading American expert on capital markets said increased competition among U.S. stock exchanges is good for the investors. William Uchimoto grew up in a highly respected Japanese American family in California. After years of public service at the SEC, the 33 year old, bright William Uchimoto became the youngest general counsel of a major U.S. stock exchange in the U.S. history – general counsel of the Philadelphia Stock Exchange.

WILLIAM UCHIMOTO, LAWYER, PATRIOT, EXPERT ON CAPITAL MARKETS, FIGHTER AGAINST SEC RACISM, PREJUDICE

“The U.S. has efficient capital markets, and China is the biggest growth engine of the world,” William Uchimoto said. “China should be our closest ally. We can help each other achieve prosperity.”

Casin Group’s offer comes amid an unprecedented overseas shopping spree by Chinese companies and Chinese investors.

In 2015, about 30% of all real estate transactions in the U.S. – valued at more than $40 billion – involved Chinese buyers or sellers. Businesses from Asia’s largest economy have announced $70 billion of cross-border acquisitions and investments this year, on track to break 2015’s record of $123 billion, according to data compiled by Bloomberg News.

Read more: SEC STAFFER STEVEN SUSSWEIN CAUGHT IN ABSURD SEC CLAIM: GIFTING STOCKS ILLEGAL IN AMERICA?

The Chicago Stock Exchange was advised by GCA Savvian Advisors and Sidley Austin on the transaction, according to the statement. Broadhaven Capital Partners and Orrick Herrington & Sutcliffe worked with Casin.

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