SEC v. Huakang Zhou, et al. Case No. 12-cv-08987-RA (S.D. N.Y.)

On December 11, 2012, the Commission filed a complaint against Huakang Zhou (a/k/a David Zhou) and Warner Technology and Investment Corporation (collectively, the “Defendants”). The complaint alleged that, from 2007 to 2010, the Defendants violated federal securities laws by engaging in unregistered sales of securities for several clients by conducting an unregistered public offering of over $5 million in securities to roughly 85 Chinese-Americans in several states, and by improperly assisting with securities offerings for two clients while acting as unregistered securities brokers, and further aiding and abetting others’ unregistered broker-dealer violations. See Complaint.

The Defendants were ordered to pay a total of $1,465,824.00 in disgorgement, prejudgment interest, and penalties. The Commission was ordered to hold all funds, together with interest and income earned thereon (collectively, the “Fund”), pending further order of the Court. See Defendants’ Final Judgment. 

As of March 20, 2017, the Defendants have paid a total of $797,912.00 into the Fund, and any additional monies collected from the Defendants will be added to the Fund.

For more information, please contact the Commission: 

Office of Distributions
Email: ENFOfficeofDistributions@sec.gov