SEC v. Jetronic Industries, Inc. and others (registration revocation, 2012)

Judgment entered

Checked against the primary document on October 2, 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 June 2012 an SEC administrative law judge issued an initial decision revoking the registration of the securities of Jetronic Industries, Inc. (now New Bastion Development, Inc.) for failing to file periodic reports under Exchange Act Section 12(j); the proceeding against the other named issuers had already ended. It is a delinquent-filer case and alleges no manipulation.

The record

Structured fields for this action, as recorded in our case library.
Agency	SEC
Release number	3-14767
Date filed	2012-06-25
Date resolved	2012-06-25
Court	SEC administrative law judge
Status	judgment
Asset class	equities
Criminal parallel	No
Defendants	Jetronic Industries, Inc. (n/k/a New Bastion Development, Inc.) (entity) ; Lions Petroleum, Inc. (n/k/a China Hongxing Agritech, Inc.) (entity) ; MDI, Inc. (entity) ; Mobilepro Corp. (entity)
Cited as charged or alleged	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: —
Disgorgement: —
Prejudgment interest: —
Total relief: —
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 this matter on June 25, 2012 as release 3-14767. The respondents named are Jetronic Industries, Inc. (n/k/a New Bastion Development, Inc.), Lions Petroleum, Inc. (n/k/a China Hongxing Agritech, Inc.), MDI, Inc. and Mobilepro Corp. (0 individuals, 4 entities). The action was brought in the SEC administrative law judge.

The decision rests on the issuer's failure to file required periodic reports. Its pump-and-dump and shell-hijacking language is the company's own argument that it was not a dormant shell at risk of fraud, not a finding. This library carries no technique tag on this matter.

The conduct is recorded against equities.

The action was dismissed. We keep dismissed matters in the library precisely so that the outcome is visible alongside the original allegation.

Timeline

2012-06-25 Initial decision

Primary documents

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

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.