Defendant Name: China Infrastructure Investment Corp.

Defendant Type: Public Company
SIC Code: 5640
CUSIP: 16944H10

Initial Case Details

Legal Case Name SEC v. China Infrastructure Investment Corporation, Li Xipeng and Wang Feng
First Document Date 03-Mar-2015
Initial Filing Format Civil Proceeding
Case Number 15-cv-00307
Allegation Type Issuer Reporting and Disclosure
Federal District Court District of Columbia, District of Columbia

Violations Alleged

Exchange Act
• Sec 10(b) + Rule 10b-5
• Rule 12b-20
• Sec 13(a)
• Rule 13a-1
• Rule 13a-13
Additionally, Li Xipeng is alleged to have aided and abetted China Infrastructure Investment Corp. 's violation of Sec 10(b) + Rule 10b-5 of the Exchange Act.
Li Xipeng is alleged to have controlled China Infrastructure Investment Corp. 's violation of Sec 10(b) + Rule 10b-5 of the Exchange Act.
Wang Feng is alleged to have aided and abetted China Infrastructure Investment Corp. 's violation of Sec 10(b) + Rule 10b-5 of the Exchange Act.
Li Xipeng is alleged to have aided and abetted China Infrastructure Investment Corp. 's violation of Rule 12b-20 of the Exchange Act.
Li Xipeng is alleged to have controlled China Infrastructure Investment Corp. 's violation of Rule 12b-20 of the Exchange Act.
Wang Feng is alleged to have aided and abetted China Infrastructure Investment Corp. 's violation of Rule 12b-20 of the Exchange Act.
Li Xipeng is alleged to have aided and abetted China Infrastructure Investment Corp. 's violation of Sec 13(a) of the Exchange Act.
Li Xipeng is alleged to have controlled China Infrastructure Investment Corp. 's violation of Sec 13(a) of the Exchange Act.
Wang Feng is alleged to have aided and abetted China Infrastructure Investment Corp. 's violation of Sec 13(a) of the Exchange Act.
Li Xipeng is alleged to have aided and abetted China Infrastructure Investment Corp. 's violation of Rule 13a-1 of the Exchange Act.
Li Xipeng is alleged to have controlled China Infrastructure Investment Corp. 's violation of Rule 13a-1 of the Exchange Act.
Wang Feng is alleged to have aided and abetted China Infrastructure Investment Corp. 's violation of Rule 13a-1 of the Exchange Act.
Li Xipeng is alleged to have aided and abetted China Infrastructure Investment Corp. 's violation of Rule 13a-13 of the Exchange Act.
Li Xipeng is alleged to have controlled China Infrastructure Investment Corp. 's violation of Rule 13a-13 of the Exchange Act.
Wang Feng is alleged to have aided and abetted China Infrastructure Investment Corp. 's violation of Rule 13a-13 of the Exchange Act.
Wang Feng is alleged to have aided and abetted China Infrastructure Investment Corp. 's violation of Rule 13a-14 of the Exchange Act.

Resolutions

First Resolution Date 26-May-2016
Headline Total Penalty and Disgorgement $2,100,000

Related Documents:

complaint_15-cv-00307 03-Mar-2015 Complaint
Complaint
In the Complaint, the SEC stated: "This matter involves a fraudulent scheme perpetrated by China Infrastructure Investment Corporation ('CIIC'), its chief executive officer Li Xipeng ('Xipeng'), and its corporate secretary Wang Feng ('Feng') (collectively 'Defendants') to conceal the fact that CIIC's chief financial officer ('CFO') had resigned. Defendants filed with the SEC Forms 10-K, 10-K/A, and 10-Q and other documents containing material omissions and misrepresentations concerning CIIC's CFO and multiple forged signatures and certifications of the former CFO."
LR-23214 04-Mar-2015 Litigation Release
SEC Charges Chinese Issuer and Two Officers with Fraud
On March 4, 2015, the SEC announced that on March 3, 2015, it filed a civil injunctive action in the United States District Court for the District of Columbia against China Infrastructure Investment Corp. and two officers in connection with a fraudulent scheme to file false and forged SEC reports. The SEC alleged, "The company and its chief executive officer and corporate secretary filed the false reports with the SEC to conceal the fact that the company's CFO had resigned and that CIIC had no CFO at the time of the filings." In related proceedings, the SEC issued an Order suspending trading in securities of CIIC and issued an Order instituting proceedings to determine if the registration of CIIC's securities should be suspended or revoked.
court_doc25_15-cv-00307 26-May-2016 Court Docket Document
Memorandum Opinion

Other Defendants in Action:

Li Xipeng
Wang Feng