SEC v. Shaohua (Michael) Yin (Defendant) and Lizhao Su, Zhiqing Yin, Jun Qin, Yan Zhou, and Bei Xie (Relief Defendants)
Dr. Jan Jindra submitted a declaration on behalf of the SEC in a civil case involving a network of individuals trading around announcements of acquisitions or change-of-control transactions. Specifically, he analyzed trading activity in brokerage accounts linked to a network of five defendants. Dr. Jindra’s analysis showed that the defendants engaged in coordinated purchases of securities in advance of public announcements of acquisitions or change-of-control transactions involving six public companies.
The declaration also quantified the realized and unrealized profits from the challenged trading and analyzed the defendants’ aggregate trading activity and market presence.
