[Opinion] SEC: A Protector of U.S. Investors or a Cohort of the Chinese Communist Party?

Author: MOS Business Group – Nicole (挺郭小蚂蚁)

America is the leader of the free world and often prides itself on the principle of equal application of the law. 

Recently many Chinese American professors and scholars have been indicted by the U.S. Justice Department for colluding with the CCP and hurting U.S. national interests. What about major U.S. companies and prominent U.S. government agencies? Will they be held accountable for colluding with the CCP and hurting U.S. national interests? Does the principle equal application of law discriminate individuals versus U.S. institutions?

Under the principle of equal application of the law, can U.S. government agencies be held accountable for colluding with foreign hostile governments, hurting U.S. public interests? 

Founded in 1934 under the Securities Exchange Act of 1934, The U.S. Securities and Exchange Commission (SEC) has a three-part mission: to protect investors; maintain fair, orderly, and efficient markets; and facilitate capital formation. To achieve the mission, the SEC enforces the statutory requirement that public companies disclose transparent financial information, which is most vital to investors’ decisions in the capital markets. 

Many people know the Chinese companies listed in the U.S. stock market are either directly controlled or heavily influenced by the CCP. Some so-called “privately-held companies” are actually the CCP’s “white gloves,” such as Alibaba, Baidu, and Tencent. Through listing the state-controlled companies in the U.S. stock market, the CCP has amassed trillions of dollars from the U.S. stock market and harmed millions of U.S. investors. U.S. investors in Chinese companies often suffer great losses due to the lack of transparent information and misrepresentation. 

The China Hustle, a 2017 finance documentary produced by Magnolia Pictures and directed by Jed Rothstein, reveals systematic security fraud of Chinese companies listed on the U.S. stock market. Many U.S. investors have sued auditors who blessed the U.S.-listed Chinese companies. But where is the accountability of the SEC, whose job is to enforce the transparent disclosure of financial information and proper regulations but has chosen to turn a blind eye to CCP’s purposeful fraud and manipulation? 

Why has the SEC allowed so many CCP’s “white gloves,” to steal trillions of dollars from the U.S. capital markets and hurt millions of U.S. investors for decades? Is the SEC a guardian of U.S. investors or a cohort of the CCP? How can the SEC continue colluding with a foreign hostile government to hurt U.S. investors with impunity? Where is the equal application of the law for the SEC? 

Throughout the SEC’s 86 years of history, has anybody ever demanded accountability for its wrong-doings? 

On April 5th, 2021, the SEC’s headquarter office in Washington D.C. saw an unprecedented group of investors who demand accountability for its collusion with the CCP. A group of GTV investors gathered daily at the SEC’s office building in Washington from 9 AM to 5 PM. They held signs calling out the SEC’s role in colluding with the CCP to hurt U.S. investors while chanting the slogans, “SEC Stop the Fraud,” “SEC Must Pay,” and “SEC, CCP!”

The GTV investors are mostly Chinese; some are U.S. citizens and lawful residents. Some investors took painstaking efforts and great risks to their own safety to send money to the U.S. to invest in GTV. They demand the SEC to stop disclosing Chinese investors’ personal information to the CCP, which has caused some investors in China to disappear and be threatened by the CCP’s public security personnel.

Why do so many Chinese people invest in GTV? Why does the CCP want to threaten and hurt GTV investors? GTV was founded by the Chinese Whistleblower Movement leader, Miles Guo in 2020. It quickly attracted hundreds of millions of Chinese people seeking truthful information and freedom from the CCP’s control and censorship.  Unlike other social media companies that have bowed down to the CCP in exchange for financial interests, GTV directly confronts the CCP by providing truthful information about CCP’s BGY strategy (Blue-Gold-Yellow) to corrupt western politicians, business leaders, and erode the western democracies.

GTV is the first media platform that covered Hunter Biden’s laptop story, and the first media platform to inform the world of the origin of Covid-19 as a lab-made bioweapon, deliberately spread to the entire world to take down America and other countries. GTV is not only a “Noah’s Ark,” for the 1.3 billion Chinese people yearning for freedom, but also a beacon of hope for the silent majority of people in America and the rest of the world living under the CCP’s control and influence.

The SEC should be brought to justice for colluding with the CCP, a foreign hostile government, to harm the investors’ interests. Aiding and abetting a foreign dictatorship that commits crimes against humanity is an inexorable criminal activity. It has happened in U.S. history and it must not continue.

During WWII, American company IBM provided the technology and finance for Nazi Germany to practice genocide against the Jews. In the book published in 2001, “IBM and the Holocaust: The Strategic Alliance between Nazi Germany and America’s Most Powerful Corporation,” the author Edwin Black detailed the historical facts of IBM making a huge profit from selling “punch cards” technology to the Hitler regime of Nazi Germany to identify Jewish ancestry and further persecute the Jews.

In 2005, Chinese writer, poet, and journalist Shi Tao was sentenced to 10 years in prison for releasing a “June 4th Tiananmen Massacre,” document to a media outlet outside of China. The CCP police were able to track down Shi Tao and arrest him because Yahoo provided Shi Tao’s IP address to the CCP.

In 2016, Privacy International, together with the EFF and Article 19, filed an amicus urging the U.S. 9th Circuit Court of Appeals to reinstate a lawsuit brought against Cisco for its crimes of aiding and abetting the CCP to persecute Chinese dissidents.

Cisco made huge profits from selling its technology to the CCP in the development of the “Golden Shield” system, which was custom-built for the CCP to identify, track, and detain Chinese dissidents and persecuted groups.

During the 2006 Congressional Testimony, “The Internet in China: A Tool for Freedom or Suppression?” the late U.S. Congressman Tom Lantos scolded Yahoo and Cisco saying, “while technologically and financially you are giants, morally you are pygmies.”

Today, the courageous Chinese investors of GTV are standing up to demand justice and seeking to hold the morally corrupted pygmies accountable, no matter the size.

It’s a modern tale of “David and Goliath.” It’s new history in the making. GTV investors who stand in front of the SEC buildings in Washington D.C. and New York will be remembered.

Editor: Brain Sanitizer
Reviewer: Xueli

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