Federal government is investigating Chinese fast-fashion giant Shein as company discloses possibility of significant fines

• Shein, the fast-fashion giant, has disclosed that it is under investigation by the Federal Trade Commission, warning potential investors that the probe could lead to “significant” penalties.
• The company, which originated in China and now has global headquarters in Singapore, revealed the investigation in documents related to its planned initial public offering on the Hong Kong stock exchange.
• “The FTC has been conducting an investigation into our U.