Ussec

NOT FOR PUBLICATION FILED

UNITED STATES COURT OF APPEALS AUG 24 2022

MOLLY C. DWYER, CLERK

U.S. COURT OF APPEALS

FOR THE NINTH CIRCUIT

U.S. SECURITIES AND EXCHANGE No. 21-56090

COMMISSION,

Plaintiff-Appellee, D.C. No. SACV 16-00974-CJC (AGRx) v.

CHARLES C. LIU; XIN WANG a/k/a LISA MEMORANDUM*

WANG,

Defendant-Appellant.

Appeal from the United States District Court for the Central District of California Cormac J. Carney, District Judge, Presiding

Submitted August 22, 2022** Pasadena, California

Before: WATFORD and OWENS, Circuit Judges, and PRESNELL,*** District Judge.

* This disposition is not appropriate for publication and is not precedent except as provided by Ninth Circuit Rule 36-3. ** The Panel unanimously concludes that this case is suitable for decision without oral argument. See Fed. R. App. P. 34(a)(2). *** The Honorable Gregory A. Presnell, United States District Judge for the Middle District of Florida, sitting by designation. Charles Liu and Xin Wang (husband and wife) appeal the district court’s

judgment of disgorgement. Xin Wang also appeals the district…