Regulation & Compliance: SEC Probes Fuqi International
September 13, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) – Chinese jewelry maker Fuqi International, Inc. (NASDAQ: FUQI) said that it was notified recently by the SEC of a formal, nonpublic investigation, and has received a subpoena from the SEC for certain documents, relating to its failure to timely file required periodic reports. According to Fuqi, the SEC has informed the company that the investigation should not be construed as an indication that any violations of law have occurred.
The company said it plans to fully cooperate with the SEC regarding this matter.
China-based Fuqi International is a designer, producer and seller of precious metal jewelry in China.
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