Defendant Name: Federico Tovar

Defendant Type: Individual

Initial Case Details

Legal Case Name In the Matter of Ideanomics, Inc. (f/k/a Seven Stars Cloud Group, Inc.), Alfred P. Poor, and Federico Tovar
First Document Date 09-Aug-2024
Initial Filing Format Administrative Action
File Number 3-21988
Allegation Type Issuer Reporting and Disclosure

Affiliations

Violations Alleged

Exchange Act
• Rule 13a-14
Securities Act
• Sec 17(a)(3)
Other
• Rules 13b2-1, 13b2-2 Exchange Act

Related Violations Alleged

Federico Tovar is alleged to have caused Ideanomics, Inc. (f/k/a Seven Star Cloud Group, Inc.)'s violation of Rule 12b-20 of the Exchange Act.
Federico Tovar is alleged to have caused Ideanomics, Inc. (f/k/a Seven Star Cloud Group, Inc.)'s violation of Sec 13(a) of the Exchange Act.
Federico Tovar is alleged to have caused Ideanomics, Inc. (f/k/a Seven Star Cloud Group, Inc.)'s violation of Rule 13a-1 of the Exchange Act.
Federico Tovar is alleged to have caused Ideanomics, Inc. (f/k/a Seven Star Cloud Group, Inc.)'s violation of Rule 13a-13 of the Exchange Act.
Federico Tovar is alleged to have caused Ideanomics, Inc. (f/k/a Seven Star Cloud Group, Inc.)'s violation of Rule 13a-15 of the Exchange Act.
Federico Tovar is alleged to have caused Ideanomics, Inc. (f/k/a Seven Star Cloud Group, Inc.)'s violation of Sec 13(b)(2)(A) of the Exchange Act.
Federico Tovar is alleged to have caused Ideanomics, Inc. (f/k/a Seven Star Cloud Group, Inc.)'s violation of Sec 13(b)(2)(B) of the Exchange Act.
Federico Tovar is alleged to have caused Ideanomics, Inc. (f/k/a Seven Star Cloud Group, Inc.)'s violation of Sec 17(a)(2) of the Securities Act.
Federico Tovar is alleged to have caused Ideanomics, Inc. (f/k/a Seven Star Cloud Group, Inc.)'s violation of Sec 17(a)(3) of the Securities Act.

Resolutions

Bars:
First Resolution Date 09-Aug-2024
Headline Total Penalty and Disgorgement $75,000

Related Documents:

33-11296 09-Aug-2024 Administrative Proceeding
Order Instituting Public Administrative and Cease-and-Desist Proceedings Pursuant to Section 8A of the Securities Act of 1933, Sections 4C and 21C of the Securities Exchange Act of 1934 and Rule 102(e) of the Commission's Rules of Practice, Making Findings, Imposing Remedial Sanctions and a Cease-and-Desist Order

Other Defendants in Action:

Ideanomics, Inc. (f/k/a Seven Star Cloud Group, Inc.)
Alfred Poor

Related Actions:

In the Matter of Zheng (Bruno) Wu
Zheng (Bruno) Wu