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SEC Charges Zhou With Fraud, Complaint Includes Siris, Sheinwald & Mazur

On Dec. 10, 2012, the SEC charged a New Jersey-based “consultant,” Huakang (David) Zhou with violating securities laws and defrauding investors while helping Chinese companies gain access to the U.S. capital markets, via his New Jersey-based firm Warner Technology and Investment Corp. The SEC alleges that Zhou engaged in varied misconduct ranging from non-disclosure of certain holdings and transactions to outright fraud. Alleged Abuses: –Zhou sold unregistered securities via a network of family in friends, including many Chinese nationals living in the U.S., inclduing the edlerly –Zhou did not check to see if they were “accredited” investors –Some were

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