The Securities and Exchange Commission Wednesday warned advisors and broker-dealers of compliance with the executive order issued by President Donald Trump on investments in securities associated with so-called Communist Chinese military companies, as well as investors transacting in such securities.
The Risk Alert, issued by the Division of Examinations, cites Executive Order 13959, “Addressing the Threat from Securities Investments that Finance Communist Chinese Military Companies,” issued by Trump on Nov. 12. (The term originates from the National Defense Authorization Act of 1999, which defined CCMCs but created no legal consequences for being one.)
The Wall Street Journal reported Wednesday that the New York Stock Exchange will move forward with delisting three Chinese telecommunications companies targeted by the Trump executive order.