Reuters: Regulatory News: BRIEF-SEC charges solar manufacturer Worldwide Energy over transfer of Chinese unit stake

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BRIEF-SEC charges solar manufacturer Worldwide Energy over transfer of Chinese unit stake Sep 6th 2012, 20:04 Sept 6 | Thu Sep 6, 2012 4:04pm EDT Sept 6 (Reuters) - * SEC says charges solar manufacturer worldwide energy and manufacturing USA subsidiary * SEC says worldwide energy agrees to pay $100,000 penalty, without admitting wrongdoing * SEC says also charges three of company's former executives with defrauding investors, says these executives also settle charges * SEC says worldwide energy raised nearly $9 million from u.s. investors to equity stake in the unit to three managers * SEC says two of the charged executives also hid documents related to the transfer from worldwide energy's board, auditors * SEC says worldwide energy filed several false and misleading quarterly

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