My Age of Investment

   Chapter 1149 Resisting strictness, very punishment!

   The next day.

  In the morning, Cuomo in a neat suit led a group of people into the 40 Wall Street Building.

   The Attorney General's face was cold. Facing Abel, who came to the door to greet his group, he simply shook hands with him. He didn't say anything else, with a business-like attitude.

  The hot face stuck to the cold butt, and the smile on Abel's face did not diminish at all, and led Cuomo and his party into the company's conference room with a smile.

   "Where's Mr. Xia?"

   Cuomo raised his watch and glanced at the time. It was almost nine o'clock, but the other party hadn't shown up yet, which made him a little unhappy.

   "Our boss usually goes to work late. Today he knew that Mr. Cuomo was coming over and he had already arrived at the company ahead of time. He should be on his way by now."

After   , Abel greeted the secretaries again and served Cuomo and the other attachés from the Attorney General's office with a cup of coffee each.

   In order not to be cold, Abel chatted with Cuomo and others enthusiastically while drinking coffee.

   Although Cuomo was upset, it was not good to have a rash attack.

   At 8:59, Xia Jingxing stepped on the time and came to the conference room.

   "Sorry! I've kept Mr. Cuomo and everyone waiting. There's some traffic jams on the road."

   As soon as he entered the room, Xia Jingxing smiled and shook hands with Cuomo.

   Cuomo said lightly: "Mr. Xia, the time is just right, let's talk about business!"

   Seeing that Kumo didn't even bother to greet him, Xia Jingxing also put away his smile and sat down seriously.

   Europe and the United States follow the law of the jungle. Since Cuomo is eyeing him, there is no need for him to engage in moderation.

   asked Abel to greet the other party, and he arrived slowly, just to express a clear attitude to Cuomo.

  What does it mean to keep things calm and keep things low and be small, all are useless, and they will only be regarded as soft persimmons.

  Since Cuomo wants to take political resources from him, let’s try it out.

Cuomo sat directly opposite Xia Jingxing with a serious face, looked at Xia Jingxing who had the same black hair as him, and asked, "Mr. Xia, our visit to Vision Capital this time is a routine investigation, we will ask later. You have a few questions, and you can answer them together."

  Xia Jingxing said with a smile: "As long as the issue does not involve core business secrets, I will fully cooperate. After all, I am also an honorary citizen of New York City."

  Cuomo's mouth twitched, knowing that he had run into a Wall Street guy.

   He originally thought that Xia Jingxing had only been on Wall Street for a few years and would not be as difficult to deal with as other old people who had been there for decades.

   It seems that his judgment is wrong. The other party can establish a foothold on Wall Street at a young age, and naturally he will not be a generalist.

   But they have come, it is impossible to return without success, at least they must weigh the weight of the other party.

   "Mr. Xia, as far as I know, Vision Capital made a profit of more than $5 billion by shorting subprime derivatives last year, right?"

  Kumer, like an old hunter, began to play tricks proficiently.

   However, Xia Jingxing could not let the other party lead by the nose and spread his hands with a smile, "That was made up by Alpha magazine. I protested many times, but they still refused to revise the ranking and profit figures."

   "What should the real profit be?"

   and Cuomo looked at each other, Xia Jingxing smiled brightly, "This involves LP's personal privacy, we cannot violate company regulations.

  We can provide specific statements if interpretation is required by law.

   But if there are no corresponding regulations or procedures, we don’t dare to say anything indiscriminately, and we will be sued and abandoned by LP.

   Mr. Cuomo, can you understand my difficulty? "

  Kumer was successfully amused by Xia Jingxing's arrogance, of course, his smile was very strange and professional.

   "Okay, then let me ask another question, have you participated in short selling this year?"

   Seeing Xia Jingxing nodding lightly, Cuomo looked happy, but he was disgusted by what he said next.

   "Does Hong Kong Island count?"

   Cuomo said with a dark face: "We are the judicial agency of the United States, and it is natural to ask the American market."

  Xia Jingxing nodded lightly, then smiled, "Mr. Cuomo, I'm sorry, I thought you were asking about the global market.

  Vision Capital is a global multinational alternative asset management company. We have offices in New York, San Francisco, London, Hong Kong, Beijing, Magic Capital, Singapore and other cities.

  Our funds are globally flowing and targeting opportunities in global financial markets…”

  Cuomo angrily interrupted Xia Jingxing's long speech, "Mr. Xia, you just need to answer me, have you shorted the U.S. financial market?"

  Xia Jingxing smiled and said, "Mr. Cuomo, according to the Securities Investment Act, does the SEC have no legal basis to require hedge funds to disclose investment information?"

   Cuomo was scolded, and his face became more ugly, but they did not have a legal basis to require Envision Capital to disclose position information, or investment information in the past few years.

  The U.S. Securities and Investment Act has been revised repeatedly, bringing banks and investment banks into strict supervision, but hedge funds and family offices are the ones that slip through the net.

  If you don’t file a case against Envision Capital or file a legal lawsuit, let alone them, even the client SEC is not qualified to do so.

  This is the United States. In everything, we must follow the law of the king and pay attention to correct procedures.

   "Mr. Xia, this financial crisis was caused by your hedge funds. Do you think you can escape supervision in the future?"

   Cuomo said coldly: "The SEC has now required hedge funds with assets under management over $100 million to disclose their short positions!

   Next, there will be a new regulatory scheme, and the scope of disclosure will no longer be just short positions, but all investment portfolios! "

  Xia Jingxing didn't say a word, Cuomo was actually right, there will be fewer and fewer opportunities to fish in troubled waters in the future.

   But there are policies above and countermeasures below.

  The financial innovations on Wall Street are endless, and they cannot be controlled.

   Perhaps only one day when the empire declines and financial hegemony is gone, will we truly be honest.

  Xia Jingxing pushed back neither softly nor hard, "Mr. Cuomo, you said that it will be in the future, let's be realistic and live in the present."

   Cuomo glanced at the entourage around him and found that everyone was looking at him.

   He also realized that he was a bit pinched, thinking that his dignified New York State Attorney General, the nemesis of Wall Street giants, would be afraid of these capital predators.

  Thinking of this, he immediately stopped suppressing the anger that was almost uncontrollable, and scolded: "Mr. Xia, this crisis has caused huge damage to the US economy, and the losses are measured in trillions of dollars.

   Now we want to find out the criminals who really harm the American economy. We will not wrong the financial practitioners who are responsible for running the company.

  If you don’t cooperate, or even contradict our work, then we will have to spend more time with you.

  If you cooperate with our work, we will go to the next house after the investigation. "

  Xia Jingxing nodded slightly, "Mr. Cuomo, you said it very well, I also support New York State to find out those criminals and restore the good business environment of Wall Street in the past."

   Seeing Xia Jingxing's unrepentant look, Cuomo completely extinguished the idea of ​​softness.

   "Mr. Xia, behind the crises of Bear Stearns, Freddie Mac, Fannie Mae, and Lehman Brothers, there are a lot of hedge funds making waves.

   No matter how concealed it is, it will leave some traces. "

Cuomo stared fixedly at Xia Jingxing, "And these traces are evidence of crimes, if they are found out, it will no longer be as simple as cooperating with the investigation, and all illegal gains will be confiscated, and the former financial tycoon will also be reduced to the lower ranks. prisoner."

  Xia Jingxing and Cuomo looked at each other for a few seconds, then said with a smile, "I am an honest and responsible businessman, I don't need Mr. Cuomo to popularize the law for me."

   Cuomo also laughed, "I hope so! Well, this is the end of today's investigation!"

After    finished speaking, Cuomo started to get up and leave, and the entourage followed suit.

When    walked to the door, Cuomo suddenly turned to look at Xia Jingxing, and pointed at the coffee on the table with a smile, "This coffee tastes good. When I come back in a while, I hope it will taste as good as today."

  Xia Jingxing said with a smile: "Mr. Cuomo, don't worry, the taste will not change!"

   Cuomo's eyes turned cold, he turned and left with someone.

  Xia Jingxing didn't get up, and Abel didn't bother to send this group of people off. Anyway, their faces were already torn apart, so there was no need to let them have fantasies.

   The others left the table one by one and closed the door. Only Xia Jingxing and Abel were left in the conference room.

   "Daren, Cuomo will definitely not let it go. Next we have to be more careful not to be bitten by this mad dog."

  Xia Jingxing smiled lightly, "Slowly consume it, who is afraid of who!"

   Abel nodded lightly, it's not uncommon for Wall Street giants to be targeted by the New York State Attorney General's Office.

   Judging from past results, there is basically no possibility of compromise.

  Either you can't find anything and just give up, or be attracted by bigger fish;

   Either find some evidence to fight a lawsuit, settle out of court or lose the case.

   Showing weakness, ingratiating yourself, and cooperating will only be regarded as a thief with a guilty conscience.

   And the recipe that Blankfein gave to Xia Jingxing was also tough to the end, resisting strictness and going home for the New Year.

   Even if all short-selling activities of Vision Capital are legal and compliant, if a hole is torn open at this stage, if it is leaked, it will become a scapegoat for everyone.

  The global total is 75 billion US dollars, or about 600 billion Hong Kong dollars in short positions, which is very criminal!

   (end of this chapter)