June 19, 2014
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.
April 11, 2012
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.