Defendant Name:
HF Foods Group Inc.
Defendant Type:
Public Company
SIC Code:
9999
CUSIP:
40417F10
Document Reference:
33-11289
Document Details
Legal Case Name
In the Matter of HF Foods Group Inc.
Document Name
Order Instituting Cease-and-Desist Proceedings Pursuant to Section 8A of the Securities Act of 1933 and Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-and-Desist Order
Document Date
06-Jun-2024
Document Format
Administrative Proceeding
Allegation Type
Issuer Reporting and Disclosure
Document Summary
On June 6, 2024, the SEC instituted settled cease-and-desist proceedings against HF Foods Group Inc., stating: "These proceedings concern violations of the antifraud and other provisions of the
federal securities laws by Respondent HF Foods, a Nevada-based food service distributor to Asian
restaurants in the United States, resulting from materially false and misleading disclosures and
other fraudulent conduct implemented by its former Chairman and CEO Zhou Min Ni and former
CFO Jian Ming "Jonathan" Ni."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Fair Funds
Monetary Penalties:
Civil Penalty
Individual:
$3,900,000.00
Shared:
