SEC Charges N.Y.-Based Fund Manager and Others with Securities Law Violations Related to Chinese Reverse Merger Company

The SEC charged New York-based Peter Siris and two of his affiliated firms, as well as other individuals, with a host of securities law violations primarily related to activities with a Chinese reverse merger company, China Yingxia International Inc. In an attempt to circumvent the registration provisions of the securities law, Siris received shares from the China Yingxia CEO's father and improperly sold them without any registration statement in effect. Siris further engaged in insider trading, ahead of 10 confidentially solicited offerings for other Chinese issuers.

Cross Reference(s): Securities Act Sections5(a), 5(c) and 17(a); Exchange Act Sections 10(b) and 15(a); Exchange Act Rule 10b-5; Exchange Act Reg M, Rule 105; Advisers Act Section 206(4);Advisers Act Rule 206(4)-8.

View press release full here (links external to SEC website). Additional materials:Complaint Against Peter Siris et al.;Complaint Against Alan Sheinwald et al.;Order as to Peter Dong Zhou;Order as to Stephen Mazuchowski (a/k/a Steve Mazur);Order as to James Fuld, Jr.