July 9, 2020
Dear Mr. Chairman,
I am writing to you to call for the investigation of GSX, representing hundreds of thousands of Chinese investors investing in US stock market. As retail investors who can't stand the fraud in the Chinese stock market, we came to the US stock market in the hope that the US stock market can effectively stop the fraud of listed companies. However, we did see the exactly same fraud pattern here in Chinese listed stocks, especially from GSX.
In our opinion, GSX will be a pearl harbor moment for US Stock market. If you dont have a clear investigation of GSX, one way or the other, US stock market will be invaded by the Chinese way of creative fraud, and US investors will lose billions of dollars and eventually their trust on SEC and PCAOB. As a predicting example, in the near future, GSX or similar Chinese companies can control their closing price to an accurate digit to match their sons birthdate as a surprising birthday gift. (This happened a lot in Chinese stock market).
There is a famous saying in China: For Chinese government officials above division level, if you sentence them to death without court prosecution, there will be no unjust cases The same is true for Chinese listed companies in US stock market: For Chinese listed companies with abnormal stock price fluctuation, if you sentence them to death without investigation, there will be no unjust cases
I have read that other investors presented lots of solid fraud evidence in the forum. But if needed, I am more than happy to provide you with more detailed proof.
In summary, GSX will be a pearl harbor moment for US stock market. However, the investigation of GSX will become a defining Normandy case study for the SEC and PCAOB to minimize the Risks for Investors in Emerging Markets.
I am looking forward to hearing your discussion session tomorrow and seeing your decisive actions toward creative fraud.
Thank you very much
Best Regards,
Janson