Future FinTech answers CEO’s inquiry with confidence and innovation.

January 16, 2024
1 min read

Future FinTech Group Inc., a financial and digital technology service provider, has responded to allegations made by the Securities and Exchange Commission (SEC) against its CEO, Shanchun Huang. The SEC filed a civil lawsuit alleging manipulative trading in the company’s stock and a failure to disclose beneficial ownership of the stock. The company’s Board of Directors has established an independent committee to review and investigate the allegations and has imposed restrictions on the CEO’s trading in the company’s stock during the litigation. The Board also plans to provide training to company officers, directors, and employees on appropriate trading practices. Despite the litigation, the Board stated that it does not anticipate any impact on the company’s operations. Future FinTech is a comprehensive financial and digital technology service provider that operates asset management, brokerage, and investment banking services in Hong Kong, a cross-border payment business in the UK, and a cryptocurrency trading data information service in the UAE, among other businesses.

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