Defendant Name:
Zheng (Bruno) Wu
Defendant Type:
Individual
Initial Case Details
Legal Case Name
In the Matter of Zheng (Bruno) Wu
First Document Date
09-Aug-2024
Initial Filing Format
Administrative Action
File Number
3-21989
Allegation Type
Issuer Reporting and Disclosure
Affiliations
- Former: Director—Chairman at Ideanomics, Inc. (f/k/a Seven Star Cloud Group, Inc.) (January 12, 2016—November 12, 2018)
- Former: CEO at Ideanomics, Inc. (f/k/a Seven Star Cloud Group, Inc.) (October 9, 2017—November 12, 2018)
- Former: Chairman at Ideanomics, Inc. (f/k/a Seven Star Cloud Group, Inc.) (February 20, 2019—December 31, 2020)
Violations Alleged
•
Rules 13b2-1, 13b2-2 Exchange Act
Related Violations Alleged
Zheng (Bruno) Wu is alleged to have caused Ideanomics, Inc. (f/k/a Seven Star Cloud Group, Inc.)'s violation of Sec 10(b) + Rule 10b-5 of the Exchange Act.
Zheng (Bruno) Wu 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.
Zheng (Bruno) Wu 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.
Zheng (Bruno) Wu 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.
Zheng (Bruno) Wu 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.
Zheng (Bruno) Wu 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.
Zheng (Bruno) Wu 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.
Zheng (Bruno) Wu is alleged to have caused Ideanomics, Inc. (f/k/a Seven Star Cloud Group, Inc.)'s violation of Sec 14(a) of the Exchange Act.
Zheng (Bruno) Wu is alleged to have caused Ideanomics, Inc. (f/k/a Seven Star Cloud Group, Inc.)'s violation of Rule 14a-9 of the Exchange Act.
Zheng (Bruno) Wu is alleged to have caused Ideanomics, Inc. (f/k/a Seven Star Cloud Group, Inc.)'s violation of Sec 17(a)(1) of the Securities Act.
Zheng (Bruno) Wu 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.
Zheng (Bruno) Wu 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:
- Bar from acting as Director or Officer of a public company for 10 years
First Resolution Date
09-Aug-2024
Headline Total Penalty and Disgorgement
$3,560,845
