SEC Comment Letter for FINCERA INC. (CIK 0001417370) — Feb 11, 2020
FINCERA INC. (CIK 0001417370)
Date: Feb. 11, 2020 · CIK: 0001417370 · Accession: 0000000000-20-001246
AI Filing Summary & Sentiment
File numbers found in text: 001-34477
Referenced dates: December 6, 2019
Letter
February 7, 2020 Jason Wang Chief Financial Officer Fincera Inc. 27/F, Kaiyuan Finance Center, No. 5, East Main Street Shijiazhuang, Hebei People’s Republic of China Re:Fincera Inc. Amendment No. 1 to Form 20-F for the Fiscal Year Ended December 31, 2018 File No. 001-34477 Dear Mr. Wang: We received your response letter dated December 6, 2019 relating to the above captioned filing. However, as of the date of this letter, we note that you do not have financial statements and ICFR for the years ended December 31, 2018 and 2017 that can be relied upon. Accordingly, these comments will remain unresolved and we expect you to provide complete, audited financial statements and ICFR reports that can be relied upon for all required periods as soon as they are available. Since you do not have financial statements and ICFR that can be relied upon, we will terminate our review and will take further steps as we deem appropriate. Among other things, we may decide to release publicly, through the agency’s EDGAR system, all correspondence, including this letter, relating to the review of your filing, consistent with the staff’s decision to publicly release comment and response letters relating to disclosure filings it has reviewed. We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. You may contact Robert Klein, Staff Accountant, at 202-551-3847 or Hugh West, Accounting Branch Chief, at 202-551-3872 with any questions. Sincerely, Division of Corporation Finance Office of Finance
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February 7, 2020
Jason Wang
Chief Financial Officer
Fincera Inc.
27/F, Kaiyuan Finance Center, No. 5, East Main Street
Shijiazhuang, Hebei
People’s Republic of China
Re:Fincera Inc.
Amendment No. 1 to Form 20-F for the Fiscal Year Ended December 31, 2018
File No. 001-34477
Dear Mr. Wang:
We received your response letter dated December 6, 2019 relating to the above captioned
filing. However, as of the date of this letter, we note that you do not have financial statements
and ICFR for the years ended December 31, 2018 and 2017 that can be relied upon. Accordingly,
these comments will remain unresolved and we expect you to provide complete, audited
financial statements and ICFR reports that can be relied upon for all required periods as soon as
they are available.
Since you do not have financial statements and ICFR that can be relied upon, we will
terminate our review and will take further steps as we deem appropriate. Among other things, we
may decide to release publicly, through the agency’s EDGAR system, all correspondence,
including this letter, relating to the review of your filing, consistent with the staff’s decision to
publicly release comment and response letters relating to disclosure filings it has reviewed. We
remind you that the company and its management are responsible for the accuracy and adequacy
of their disclosures, notwithstanding any review, comments, action or absence of action by the
staff.
You may contact Robert Klein, Staff Accountant, at 202-551-3847 or Hugh West,
Accounting Branch Chief, at 202-551-3872 with any questions.
Sincerely,
Division of Corporation Finance
Office of Finance