The U.S. Securities and Exchange Commission on Thursday rejected the sale of the Chicago Stock Exchange (CHX) to a group led by China-based investors, saying there were unresolved questions about the ownership structure under such a deal and whether the SEC would have sufficient oversight of the exchange if it was sold. SEC staff had initially approved the sale of privately owned CHX for an undisclosed amount to a consortium led by Chongqing Casin Enterprise Group but the regulator put that decision on hold in August of last year for further review.
The U.S. Securities and Exchange Commission blocks a Chinese-led group of investors from buying the Chicago Stock Exchange.