Tag: Cloopen

SEC Charges Chinese Tech Company Cloopen Group with Accounting Fraud But Did Not Impose Penalties!

SEC tamir - February 7, 2024

In a recent announcement, the U.S. Securities and Exchange Commission (SEC) has decided not to impose civil penalties on Cloopen Group Holding Limited, a Chinese cloud communications company. This decision came after Cloopen's American depositary shares were previously traded on the NYSE. The SEC's leniency. was attributed to Cloopen's proactive approach, which included self-reporting the issues.

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