SEC v. China Valves Technology, Inc., Siping Fang and Renrui Tang (2015)

Judgment entered

Checked against the primary document on October 3, 2026. The library's summary, tags and figures for this record were compared with the regulator's own document by an AI model (Claude) following written instructions, with sampled and disputed records read a second time. No lawyer has reviewed them. A checked record can still contain errors, and checked does not mean endorsed. See how we check records or report a correction.

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In May 2015 the SEC announced consent judgments against China-based issuer China Valves Technology, its chairman Siping Fang and its CFO Renrui Tang, with penalties of $575,000, $75,000 and $40,000, over misleading disclosure of an acquisition and overstated income. Litigation against former CEO Jianbao Wang continued.

The record

Structured fields for this action, as recorded in our case library.
Agency	SEC
Release number	LR-23266
Date filed	2015-05-20
Date resolved	2015-05-20
Court	U.S. District Court, District of Columbia
Status	judgment
Criminal parallel	No
Defendants	China Valves Technology, Inc. (entity) ; Siping Fang (individual) ; Renrui Tang (individual) ; Jianbao Wang (individual)
Cited as charged or alleged	Exchange Act s.10(b) and Rule 10b-5 ; Exchange Act s.13(a) (statutes and rules cited in the document; not a finding that they were violated)
Techniques

What was ordered

Civil penalty: $690k
Disgorgement: —
Prejudgment interest: —
Total relief: $690k
Alleged gain: —

A dash means the release did not state a figure we could extract, not that the figure is zero. Penalty and disgorgement are stored separately so aggregates across the library do not double-count the same dollars.

What is alleged to have happened

The Securities and Exchange Commission announced on May 20, 2015 (litigation release 23266) that the U.S. District Court for the District of Columbia had entered consent judgments on May 13, 2015. The defendants settled without admitting or denying the complaint.

The SEC's September 2014 complaint alleged that the defendants misled investors about the 2010 acquisition of a valve maker in order to mask its prior investigation into possible Foreign Corrupt Practices Act violations and questionable sales commissions, and that in 2011 the company overstated income and understated liabilities at a subsidiary. The judgments enjoin the defendants, impose penalties of $575,000 on the company, $75,000 on Fang and $40,000 on Tang, bar Fang from serving as an officer or director for five years and Tang for three, and deny Tang the right to practise before the Commission.

The release says only that the company was formed through a 2007 reverse merger. That is background, so the record no longer carries the reverse-merger tag. Its penalty field held only the company's $575,000 and now holds the $690,000 total, and the defendant field was an "et al." placeholder.

For the regulator's own account of the facts, read the primary document linked above. This page deliberately summarises the structured record rather than reproducing the release.

Timeline

2015-05-20 Litigation release published

Primary documents

Everything on this page derives from the documents below. Where our summary and the primary document disagree, the primary document is right.

SEC litigation release

The linked release is a work of the United States government and is not subject to copyright. Our summary and narrative above are our own writing.

Record added September 10, 2026. submit a correction.