U.S. Securities and Exchange Commission headquarters in Washington, D.C. Ex-HF Foods Execs Reach SEC Settlement Amid Securities Fraud Allegations
Zhou Min Ni, who served as the CEO or Co-CEO of HF Foods from 1997 until February 2021, and Jian Ming "Jonathan" Ni, who served as the chief financial officer from 2015 to 2019, agreed to the settlement without admitting or denying the allegations of the SEC's securities fraud complaint.
June 07, 2024 at 02:21 PM
3 minute read
Securities Litigation
What You Need to Know
- A former HF Foods CFO is accused of helping the former CEO misappropriate investor funds.
- Ex-CEO Zhou Min Ni is represented by a MoFo attorney in the SEC securities fraud case.
- Both defendants have reached a settlement with the SEC.
Two former executives at HF Foods Group have agreed to a settlement with the Securities and Exchange Commission amid allegations they misappropriated numerous investor funds and misled the company's auditors.
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