Securities and Exchange Commission Memorandum in Support of its Subpoena to Deloitte Touche Tohmatsu CPA Ltd. of Shanghai
|UNITED STATES DISTRICT COURT FOR THE DISTRICT OF COLUMBIA|
|U.S. Securities and Exchange Commission|
|100 F Street, N.E.|
|Washington, DC 20549|
|v.||MISC. No. __________|
|Deloitte Touche Tohmatsu CPA Ltd.|
|30/F Bund Center|
|222 Yan An Road East|
|Shanghai 200002, PRC|
SECURITIES AND EXCHANGE COMMISSION’S MEMORANDUM OF POINTS AND AUTHORITIES IN SUPPORT OF APPLICATION FOR ORDER TO SHOW CAUSE AND ORDER REQUIRING COMPLIANCE WITH A SUBPOENA
This action seeks enforcement of an administrative subpoena (the “Subpoena”) issued by the Securities and Exchange Commission (“SEC” or “Commission”) to Deloitte Touche Tohmatsu CPA Ltd. (“D&T Shanghai” or the “Respondent”) as part of an investigation (In the Matter of Longtop Financial Technologies Limited, SEC File No. HO-11698) into possible violations of the federal securities laws.
Pursuant to the Commission’s statutory authority to investigate possible violations of the federal securities laws, the staff of the SEC’s Division of Enforcement (the “Staff’) is conducting an investigation into possible fraud and other violations concerning the securities of Longtop Financial Technologies Limited (“Longtop”), a foreign private issuer the securities of which are registered with the Commission and traded on U.S. markets. D&T Shanghai audited Longtop’s financial statements ...