Defendant Name: HF Foods Group Inc.

Defendant Type: Public Company

Document Reference: 33-11289-s

Document Details

Legal Case Name In the Matter of HF Foods Group Inc.
Document Name SEC Charges Restaurant Food Distribution Company HF Foods Group Inc. with Fraud
Document Date 06-Jun-2024
Document Format Administrative Proceeding
File Number 3-21959
Allegation Type Issuer Reporting and Disclosure
Document Summary On June 6, 2024, the SEC "announced settled charges against 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
Monetary Penalties:

Civil Penalty

Individual:     $3,900,000.00 Shared:    

Related Documents:

33-11289 06-Jun-2024 Administrative Proceeding
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
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."
34-100570 22-Jul-2024 Administrative Proceeding
Extension Order
The Commission ordered that: "the Division’s request for an extension of time until August 26, 2025 to submit a Proposed Plan of Distribution is granted."

Related Actions:

SEC v. Zhou Min Ni; and Jian Ming Ni, also known as Jonathan Ni, also known as Jianming Ni
Zhou Min Ni
Jian Ming Ni
In the Matter of Jian Ming (“Jonathan”) Ni, CPA
Jian Ming Ni