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Securities and Exchange Commission v. Auto China International Limited, et.al.
Case Number:
1:12-cv-10643
Court:
Nature of Suit:
Judge:
Firms
Government Agencies
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June 19, 2014
Chinese Auto Firm, Director Settle SEC Claims For $4.5M
A Chinese commercial vehicle company and one of its directors have agreed to pay $4.5 million to settle the U.S. Securities and Exchange Commission's claims that the company engaged in a scheme to create the illusion of an active market in its stock in order to obtain financing, according to court documents filed Thursday.
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April 11, 2012
SEC Accuses Chinese Auto Firm Of Stock Market Manipulation
The U.S. Securities and Exchange Commission on Wednesday accused a Chinese commercial vehicle company of engaging in a manipulative scheme to create the illusion of an active market in the company's stock in order to obtain much-needed financing.