A选项不对

问题如下：

选项：

A.Investing in DRs could provide arbitrage opportunities and entail currency risk.

B.Investors in unsponsored DRs would have the same voting rights as the direct owners of common shares.

C.Sponsored DRs are subject to greater reporting requirements than unsponsored DRs.

解释：

B is correct. Investors of unsponsored DRs would not have the same voting rights as the direct owners of common shares because the depository bank retains the voting rights.

A is incorrect because it is an accurate statement. The DRs trading on multiple exchanges could experience short-term valuation discrepancies, potentially giving rise to a quick arbitrage profit opportunity for astute traders to exploit. The price of each DR will be affected by factors that affect the price of the underlying shares and exchange rate movements.

C is incorrect because it is an accurate statement. Sponsored DRs are subject to greater reporting requirements than unsponsored DRs. In the United States, sponsored DRs must be registered with the SEC.