IN THE UNITED STATES DISTRICT COURT

FOR THE NORTHERN DISTRICT OF ILLINOIS

EASTERN DIVISION 

________________________________________________

: 

SECURITIES AND EXCHANGE COMMISSION, : 

: 

Plaintiff, : 

: 

v. : Case No. 12-cv-02473 

: Hon. Matthew F. Kennelly 

SIMING YANG, PRESTIGE TRADE : 

INVESTMENTS LIMITED, CAIYIN FAN : 

SHUI CHONG (ERIC) CHANG : 

: 

Defendants. : 

_______________________________________________ : 

FINAL JUDGMENT AS TO DEFENDANT SIMING YANG

Plaintiff United States Securities and Exchange Commission ("SEC") having filed a 

Complaint against Defendant Siming Yang ("Yang" or "Defendant"); the jury having 

rendered a verdict against Yang and in favor of plaintiff United States Securities and 

Exchange Commission ("SEC") on liability (ECF No. 244) for Counts 3, 4, and 5 of the 

SEC's Second Amended Complaint (ECF No. 136); and the parties having briefed the issue 

of remedies; the Court hereby imposes the following remedies and renders a final judgment 

as to Yang: 

I. 

 IT IS HEREBY ORDERED, ADJUDGED, AND DECREED that Defendant and 

Defendant's agents, servants, employees, attorneys, and all persons in active concert or 

participation with them who receive actual notice of this Final Judgment by personal service 

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or otherwise are permanently restrained and enjoined from violating, directly or indirectly, 

Section 10(b) of the Securities Exchange Act of 1934 (the "Exchange Act") [15 U.S.C. § 

78j(b)] and Rule 10b-5 promulgated thereunder [17 C.F.R. § 240.10b-5], by using any means 

or instrumentality of interstate commerce, or of the mails, or of any facility of any national 

securities exchange, in connection with the purchase or sale of any security: 

(a) to employ any device, scheme, or artifice to defraud; 

(b) to make any untrue statement of a material fact or to omit to state a material 

fact necessary in order to make the statements made, in the light of the 

circumstances under which they were made, not misleading; or 

(c) to engage in any act, practice, or course of business which operates or would 

operate as a fraud or deceit upon any person. 

II. 

 IT IS HEREBY ORDERED, ADJUDGED, AND DECREED that Defendant and 

Defendants' agents, servants, employees, attorneys, assigns, and all persons in active concert 

or participation with them who receive actual notice of this Final Judgment by personal 

service or otherwise are permanently restrained and enjoined from violating, directly or 

indirectly, Section 13(d) of the Exchange Act (15 U.S.C. § 78m(d)), and Rules 13d-1 (17 

C.F.R. § 240.13d-1), and 13d-2 (17 C.F.R. § 240.13d-2) promulgated thereunder by: 

(a) after acquiring directly or indirectly the beneficial ownership of any equity 

security of a class which is specified in Exchange Act Rule 13d-1(i) (17 C.F.R. 

§ 240.13d-1(i)), and becoming directly or indirectly the beneficial owner of 

more than five percent of such class; 

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(b) failing promptly to file or cause to be filed with the Commission the 

disclosures required by Section 13(d) of the Exchange Act and Rule 13d-1 and 

13d-2 thereunder. 

III. 

 IT IS HEREBY ORDERED, ADJUDGED, AND DECREED that Defendant and 

Defendant's agents, servants, employees, attorneys, and all persons in active concert or 

participation with them who receive actual notice of this Final Judgment by personal service 

or otherwise are permanently restrained and enjoined from violating, directly or indirectly, 

Section 206(1) and 206(2) of the Investment Advisers Act (the "Advisers Act") [15 U.S.C. § 

80b-6(1) and 80b-6(2)] by using any means or instrumentality of interstate commerce, 

directly or indirectly 

(a) to employ any device, scheme, or artifice to defraud any client or prospective 

client; or 

(b) to engage in any transaction, practice, or course of business which operates as a 

fraud or deceit upon any client or prospective client. 

IV. 

 IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that Defendant 

shall pay a civil penalty in the amount of $150,000 to the Securities and Exchange 

Commission pursuant to 15 U.S.C. § 78u(d)(3) and 15 U.S.C. § 80b-9(e). Defendant shall 

make this payment within 14 days after entry of this Final Judgment. 

Defendant may transmit payment electronically to the Commission, which will 

provide detailed ACH transfer/Fedwire instructions upon request. Payment may also be 

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made directly from a bank account via Pay.gov through the SEC website at 

http://www.sec.gov/about/offices/ofm.htm. Defendant may also pay by certified check, 

bank cashier's check, or United States postal money order payable to the Securities and 

Exchange Commission, which shall be delivered or mailed to 

Enterprise Services Center 

Accounts Receivable Branch 

6500 South MacArthur Boulevard 

Oklahoma City, OK 73169 

 and shall be accompanied by a letter identifying the case title, civil action number, and 

name of this Court; Siming Yang as a defendant in this action; and specifying that payment 

is made pursuant to this Final Judgment. 

Defendant shall simultaneously transmit photocopies of evidence of payment and 

case identifying information to the Commission's counsel in this action. By making this 

payment, Defendant relinquishes all legal and equitable right, title, and interest in such 

funds and no part of the funds shall be returned to Defendant. The Commission shall send 

the funds paid pursuant to this Final Judgment to the United States Treasury. Defendant 

shall pay post-judgment interest on any delinquent amounts pursuant to 28 USC § 1961. 

V. 

 IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that this Court 

shall retain jurisdiction of this matter for the purposes of enforcing the terms of this Final 

Judgment. 

Dated: May 27, 2014 

____________________________________ 

 MATTHEW F. KENNELLY 

UNITED STATES DISTRICT JUDGE 

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