US SEC charges Future FinTech CEO Shanchun Huang with fraud, disclosure failures
11/01/2024 21:38
WASHINGTON, Jan 11 (Reuters) - The U.S. Securities and
Exchange Commission said on Thursday it charged Future FinTech
Group FTFT.O CEO Shanchun Huang with fraud and disclosure
failures.
The regulator charged the executive with manipulative
trading in the stock of the company, using an offshore account
shortly before he became CEO in 2020. The SEC also said it
charged Huang with failing to disclose his beneficial ownership
of Future FinTech stock as well as transactions in such stock.
(Reporting by Kanishka Singh in Washington)
((Kanishka.Singh@thomsonreuters.com; +12024508248;))