Lol you are super funny. Every company claims they have clear balance sheet. This is like joke of 2017
Clear balance sheet vs a portfolio of off balance sheet or hard to mark to mark items are again apples to oranges. Take an Econ 101 class.
You kidding me, the writing was on the wall if you followed the debt markets. Besides the entire street knew they were into CDS and CDOs in a big way. I'm not going to teach how to read financial returns. For starters, though you could keep track of IB's monthly metrics which they post in detail and also review their financials which are pretty straightforward. I also personally like the fact that 83.4% of the stock is held by management. They've got a heck of a lot more to lose than you if they don't run a tight ship. You certainly complain enough about this. Why don't you move out of Hong Kong so you are not constrained by local regulations?
Good luck if you believe companies honestly tell stuff in annual or quarter reports and you invrst with that information. There are so many stocks in HK that dropped 99.99% and there were blue-chip size stock with stock code 566 that were very popular then suddenly suspended and has been suspended forever. Tell me how can you even have any clue by reading their reports. You must be a good guy if you believe company really needs to tell you anything real in reports. There are just too many ways to hide, move, or do whatever they want in numbers.
Well, a bit of a finance degree, a bit of accounting knowledge, ability to read and learn about the people who have the biggest stakes in their companies and more. The companies you talk about were for the most part fraudulent and were well known to have off balance sheet items. There are a number of very reputable firms in HK, the SFC and auditors to a good job so if that doesn't make you comfortable, go ahead put your cash with HSBC and pay 25 bps a trade and get raped every time you convert your cash.
Lol just show me how can you even find out anything that would predict 566 fail and those kind of legally 99.99% fall and still in market stocks. Sfc auditor does good job? Lol is 566 boss even in court or jail? No he should be at somewhere in the world with model and sport car. Are those kind of 99.99% stock fail even delisted at all? No. Just show me you can use any annual or quarter report of these kind of companies in hk and predict their stock price would crash or suspend like 566. You cannot because there isnt anything useful in the report at all. You either find a case and show me what you calim making any sense or just shut up and accept this is a fact.
Muddy Waters certainly did. But then again call me a skeptic but I wouldn't put my cash in a firm that triples in price w/o any substantive earnings backing the move. I'm talking SFC and how they monitor brokerage firms. Sorry gloria, you been barking up the wrong tree with your yelping. Nice try though.