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SEC accuses Future FinTech Group CEO Huang of manipulative trading.

January 15, 2024
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1 min read

TLDR:

  • The Securities and Exchange Commission (SEC) has charged Shanchun Huang, the CEO of Future FinTech Group, with manipulative trading.
  • The SEC alleges that Huang inflated Future FinTech Group’s share price in order to prevent the company from being delisted from the Nasdaq exchange.

The SEC has charged Shanchun Huang, CEO of Future FinTech Group, with manipulative trading. The agency alleges that Huang used manipulative trading techniques in early 2020 to push the share price of Future FinTech Group up in an attempt to prevent the company from being delisted from the Nasdaq exchange. The SEC claims that Huang inflated the share price just before he took over as CEO. The charges are a result of an ongoing investigation into the company’s trading activity. If found guilty, Huang could face fines and other penalties. Future FinTech Group is a fintech firm that focuses on financial technology services and products.

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