'This is purely about protecting investors from garbage merchandise,' the 'Mad Money' host says.
"What we need is a moratorium on Chinese IPOs," Cramer said. "Companies from China keep coming public here in the United States, and, for the most part, this deluge of deals has been a nightmare for anyone who has participated in them."of many recent IPOs, "the last thing we need is more questionable securities from China, which has much weaker regulations surrounding all of this stuff than we do," Cramer argued.
that Nasdaq is attempting to tighten restrictions and slow down the approval process for small companies from the country.was introduced to increase oversight of Chinese and other foreign companies listed on American stock exchanges.
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