Shares of Future FinTech Group
FTFT,
fell after the Securities and Exchange Commission charged Shanchun Huang with allegedly inflating the corporate’s share worth simply earlier than he took over as chief government.
The inventory slipped 17% to $1.07 in after-hours buying and selling Thursday. Shares are down over 48% over the previous 12 months.
The SEC alleged in a grievance Thursday that Huang used manipulative buying and selling methods in early 2020 to push the fintech agency’s share worth up, with the purpose of stopping it from being delisted from the Nasdaq change.
Source web site: www.marketwatch.com
