Securities Enforcement Empirical Database (SEED)

Defendant Name: Qinan Ji

Defendant Type: Individual

Initial Case Details

Legal Case Name SEC v. China Natural Gas, Inc. and Qinan Ji

First Document Date 14-May-2012

Initial Filing Format Civil Proceeding

Case Number 12-cv-03824

Allegation Type Issuer Reporting and Disclosure

Federal District Court New York, Southern District of New York

Affiliations

Current: Director—Chairman at China Natural Gas, Inc. (From February 2006)
Former: CEO at China Natural Gas, Inc. (May 2006—October 4, 2011)

Violations Alleged

Exchange Act

• Sec 10(b) + Rule 10b-5

• Rule 13a-14

• Sec 13(b)(5)

• Sec 14(a)

• Rule 14a-9

Securities Act

• Sec 17(a)(1)

• Sec 17(a)(2)

• Sec 17(a)(3)

• Sec 17(a) (Not specified)

Other

• Sec 304(a) Sarbanes-Oxley Act

• Rules 13b2-1, 13b2-2 Exchange Act

Related Violations Alleged

Qinan Ji is alleged to have aided and abetted China Natural Gas, Inc.'s violation of Rule 12b-20 of the Exchange Act.

Qinan Ji is alleged to have aided and abetted an unidentified individual or entity's violation of Rule 12b-20 of the Exchange Act.

Qinan Ji is alleged to have aided and abetted China Natural Gas, Inc.'s violation of Sec 13(a) of the Exchange Act.

Qinan Ji is alleged to have aided and abetted an unidentified individual or entity's violation of Sec 13(a) of the Exchange Act.

Qinan Ji is alleged to have aided and abetted China Natural Gas, Inc.'s violation of Rule 13a-1 of the Exchange Act.

Qinan Ji is alleged to have aided and abetted an unidentified individual or entity's violation of Rule 13a-1 of the Exchange Act.

Qinan Ji is alleged to have aided and abetted China Natural Gas, Inc.'s violation of Rule 13a-11 of the Exchange Act.

Qinan Ji is alleged to have aided and abetted an unidentified individual or entity's violation of Rule 13a-11 of the Exchange Act.

Qinan Ji is alleged to have aided and abetted China Natural Gas, Inc.'s violation of Rule 13a-13 of the Exchange Act.

Qinan Ji is alleged to have aided and abetted an unidentified individual or entity's violation of Rule 13a-13 of the Exchange Act.

Qinan Ji is alleged to have aided and abetted China Natural Gas, Inc.'s violation of Sec 13(b)(2)(A) of the Exchange Act.

Qinan Ji is alleged to have aided and abetted an unidentified individual or entity's violation of Sec 13(b)(2)(A) of the Exchange Act.

Qinan Ji is alleged to have aided and abetted China Natural Gas, Inc.'s violation of Sec 13(b)(2)(B) of the Exchange Act.

Qinan Ji is alleged to have aided and abetted an unidentified individual or entity's violation of Sec 13(b)(2)(B) of the Exchange Act.

Qinan Ji is alleged to have aided and abetted China Natural Gas, Inc.'s violation of Sec 17(a)(2) of the Securities Act.

Resolutions

Bars:

Bar from acting as Director or Officer of a public company for 10 years

First Resolution Date 05-Jun-2013

Headline Total Penalty and Disgorgement $915,000

Other Defendants in Action:

China Natural Gas, Inc.