© Reuters. The seal of the U.S. Securities and Exchange Commission (SEC) is seen at their headquarters in Washington, D.C., U.S., May 12, 2021. Picture taken May 12, 2021. REUTERS/Andrew Kelly
WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission said on Thursday it charged Future FinTech Group 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.