9 What's this all about? (en.wikipedia.org) posted 94 days ago by txdrew 94 days ago by txdrew +9 / -0 4 comments share 4 comments share save hide report block hide child comments Comments (4) sorted by: top new old worst ▲ 3 ▼ – Allison 3 points 94 days ago +3 / -0 Clipping the wings of 31 companies (entities) doing business in the US that are actually CCP based. Supposed to take effect at 9:30 am today. permalink save report block reply ▲ 1 ▼ – txdrew [S] 1 point 94 days ago +1 / -0 Effective 1/11/2021, what does this mean exactly for these companies? permalink parent save report block reply ▲ 2 ▼ – Allison 2 points 94 days ago +2 / -0 I believe they are no longer able to trade on the stock markets, and lose any corporate protections afforded by our laws. I know it does more, but I’m not that knowledgeable on international corporate law permalink parent save report block reply ▲ 3 ▼ – deleted 3 points 94 days ago +3 / -0
Clipping the wings of 31 companies (entities) doing business in the US that are actually CCP based. Supposed to take effect at 9:30 am today.
Effective 1/11/2021, what does this mean exactly for these companies?
I believe they are no longer able to trade on the stock markets, and lose any corporate protections afforded by our laws. I know it does more, but I’m not that knowledgeable on international corporate law