Siris, et al. and Hu, et al.: Lit. Rel. No. 22430 / July 30, 2012
"The Securities and Exchange Commission today filed settled fraud charges, among others, against New York-based fund adviser Peter Siris (Siris) in connection with its investigation into China Yingxia International, Inc. (China Yingxia), a now defunct Chinese reverse merger company. The illicit conduct by Siris and/or his associated entities — Guerrilla Capital Management, LLC (Guerrilla Capital), and Hua Mei 21st Century, LLC (Hua Mei) — included insider trading, trading in violation of Rule 105 of Regulation M, fraudulent representations in a securities purchase agreement, misstatements to investors in pooled investment vehicles, acting as an unregistered securities broker, and unregistered sales of securities."
"In a separate action, the SEC charged Ren Hu (Hu), former chief financial officer of China Yingxia, for fraudulent representations in Sarbanes-Oxley (SOX) certifications, lying to auditors, failure to implement internal accounting controls, and aiding and abetting China Yingxia’s failure to implement internal controls; and Alan Sheinwald (Sheinwald), and his investor relations firm Alliance Advisors, LLC (Alliance), for acting as unregistered securities brokers."
If you are the original source with special knowledge of fraud and are interested in learning more about becoming a confidential international merger fraud whistleblower or a confidential international insider training fraud confidential whistlebleblower, please feel free to contact International Merger Fraud Confidential Whistleblower Lawyer, International False Accounting Fraud Confidential Whistleblower Lawyer and International Insider Trading Fraud Confidential Whistleblower, Jason S. Coomer or go to the following web pages: International Merger Fraud and Insider Trading Fraud Whistleblowers or China Multinational Corporation Merger Fraud Whistleblowers.