TuSimple is in a gray area when it comes to enforcement from the Securities and Exchange Commission. While TuSimple delisted earlier this year, the company is still registered with the SEC and thus subject to U.S. scrutiny. Once the money goes to China, shareholders in the U.S. will have no recourse to claw back funds from their original investment.
TechCrunch has reached out to the SEC to learn if the agency is investigating TuSimple in relation to shareholder complaints.
TuSimple did not immediately respond to TechCrunch’s request for comment.