The U.S. Securities and Exchange Commission (SEC), Wall Street's primary regulatory body, is moving to tighten regulations for foreign companies listed on American stock exchanges, with a particular emphasis on Chinese firms. The SEC noted that many Chinese companies have benefited from reduced disclosure requirements compared to their U.S. counterparts. This initiative follows observations that the composition of foreign issuers has changed notably since the last amendment to the foreign private issuer rules in 2003. The SEC is considering revisions to the eligibility criteria for foreign private issuers to address these developments and enhance investor transparency.