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China's Focus Media, CEO Settle With SEC For $55.6M

By Ed Beeson ( September 30, 2015, 7:18 PM EDT) -- A Chinese advertising company and its chief executive have agreed to pay $55.6 million to settle U.S. Securities and Exchange Commission claims that they made inaccurate disclosures around the partial sale of a subsidiary to corporate insiders ahead of a lucrative private equity buyout of the rest of the company....

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