SEC v. Joe Yiu Cheung ( and Dylon De Lu Zhang) (paid stock promotion, 2017)
Settled
Machine-extracted, pending human review. The structured fields on this page were parsed automatically from the regulator's own release, linked below. Read the primary document before relying on any figure here, and tell us if something is wrong.
In 2017, the Securities and Exchange Commission settled an action with Joe Yiu Cheung ( and Dylon De Lu Zhang), alleging conduct this library classifies as paid stock promotion, pump and dump, reverse merger schemes and undisclosed control blocks. The release does not state a monetary figure that we were able to extract.
The record
| Agency | SEC |
|---|---|
| Release number | 3-18093 |
| Date filed | 2017-08-02 |
| Date resolved | 2017-08-02 |
| Status | settled |
| Asset class | equities |
| Criminal parallel | No |
| Defendants | Joe Yiu Cheung ( ; Dylon De Lu Zhang) |
| Techniques | Paid stock promotion , Pump and dump , Reverse merger schemes , Undisclosed control blocks |
What was ordered
- Civil penalty
- —
- Disgorgement
- —
- Prejudgment interest
- —
- Total relief
- —
- Alleged gain
- —
What is alleged to have happened
the Securities and Exchange Commission announced this matter on August 2, 2017 as release 3-18093. The respondents named are Joe Yiu Cheung ( and Dylon De Lu Zhang) (2 individuals, 0 entities).
This library tags the matter as paid stock promotion, pump and dump, reverse merger schemes and undisclosed control blocks, based on the conduct the regulator describes. Each tag links to a page explaining how that technique works, what statute it engages, and what penalties comparable actions have attracted. The tagging is ours, not the regulator's: agencies charge statutory provisions, not technique names.
The conduct is recorded against equities.
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.
What technique is this, and how does it work?
This action is tagged with 4 techniques in our taxonomy. The tagging is ours: regulators charge statutory provisions, not technique names, so the mapping is an editorial judgement described in our editorial policy.
- Paid stock promotion — see how it works, what statute it engages, and every other action tagged the same way.
- Pump and dump — see how it works, what statute it engages, and every other action tagged the same way.
- Reverse merger schemes — see how it works, what statute it engages, and every other action tagged the same way.
- Undisclosed control blocks — see how it works, what statute it engages, and every other action tagged the same way.
Timeline
Primary documents
Everything on this page derives from the documents below. Where our summary and the primary document disagree, the primary document is right.
Related actions
Other actions in the library sharing at least one technique tag with this one.
| Action | Agency | Filed | Technique | Penalty | Status |
|---|---|---|---|---|---|
| SEC v. Benjamin L. Bunker, Esq. (pump and dump, 2020) | SEC | 2020-01-23 | Pump And Dump , Reverse Merger Schemes +1 | — | unknown |
| SEC v. Andalusian Resorts and others (fake press releases, 2017) | SEC | 2017-10-30 | Fake Press Releases , Paid Stock Promotion +2 | — | filed |
| SEC v. Carrillo and Luis J. (paid stock promotion, 2017) | SEC | 2017-07-26 | Paid Stock Promotion , Pump And Dump +1 | — | judgment |
| SEC v. Huettel and Wade D., Esq. (paid stock promotion, 2017) | SEC | 2017-07-26 | Paid Stock Promotion , Pump And Dump +1 | — | judgment |
| SEC v. Richard Weed et al. (paid stock promotion, 2016) | SEC | 2016-10-04 | Paid Stock Promotion , Pump And Dump +1 | — | judgment |
| SEC v. George John Drazenovic (paid stock promotion, 2025) | SEC | 2025-12-19 | Paid Stock Promotion , Pump And Dump | — | judgment |