Financial Times: RWR’s CEO Comments on White House Discussions Concerning Executive Order on China

On Decem­ber 17, 2020, the Finan­cial Times’ Demetri Sev­astop­u­lo pub­lished a piece on tur­moil with­in the Trump Admin­is­tra­tion over how to inter­pret the Pres­i­den­t’s Exec­u­tive Order of Novem­ber 12 pro­hibit­ing U.S. investors from trans­act­ing in the equi­ties of Chi­nese com­pa­nies des­ig­nat­ed by the U.S. Depart­ment of Defense as affil­i­at­ed with the Chi­nese mil­i­tary. Robin­son not­ed in the piece, “Trea­sury is report­ed­ly insist­ing on nar­row­ing, dilut­ing and oth­er­wise defang­ing key pro­vi­sions of the order…It appears to demon­strate more inter­est in pro­tect­ing Wall Street’s fees and Beijing’s inter­ests than scores of mil­lions of unwit­ting Amer­i­can retail investors and our nation­al security.”