Changeflow GovPing Sec Enforcement SEC Grants Sharing Economy International Inc. E...
Priority review Enforcement Amended Final

SEC Grants Sharing Economy International Inc. Extension of Time

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Filed February 11th, 2026
Detected March 14th, 2026
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Summary

The SEC has granted Sharing Economy International Inc. an extension to respond to a show cause order regarding a motion for summary disposition. The company must now file its response by February 19, 2026, to avoid potential default and revocation of its securities registration.

What changed

The Securities and Exchange Commission (SEC) has granted Sharing Economy International Inc. (Respondent) a 14-day extension to respond to a January 22, 2026, show cause order. This order was issued after the Division of Enforcement filed a motion for summary disposition on December 5, 2025, seeking to revoke the registration of the Respondent's securities under Section 12(j) of the Securities Exchange Act of 1934. The Respondent failed to respond to the initial motion and show cause order, but has since retained counsel and requested the extension.

This action means the Respondent must now file its response to the order to show cause, including its proposed response to the Division's motion for summary disposition, by February 19, 2026. Failure to comply with this new deadline could result in the Commission deeming the Respondent in default, potentially leading to the revocation of its securities registration and the acceptance of the Division's allegations as true without a hearing. The Division of Enforcement may file a response by March 5, 2026.

What to do next

  1. File response to the order to show cause by February 19, 2026
  2. Ensure all filings comply with e-filing requirements and service rules

Penalties

Potential revocation of securities registration and determination of the matter against the respondent if deemed in default.

Source document (simplified)

UNITED STATES OF AMERICA before the SECURITIES AND EXCHANGE COMMISSION SECURITIES EXCHANGE ACT OF 1934 Release No. 104819 / February 11, 2026 Admin. Proc. File No. 3-22248 In the Matter of SHARING ECONOMY INTERNATIONAL INC. ORDER GRANTING MOTION FOR EXTENSION OF TIME On October 15, 2024, the Securities and Exchange Commission issued an order instituting proceedings (“OIP”) against SHARING ECONOMY INTERNATIONAL INC. (“Respondent”) under Section 12(j) of the Securities Exchange Act of 1934. On December 5, 2025, the Division of Enforcement filed a motion for summary disposition, in which it requested that the Commission revoke the registration of each class of Respondent’s securities registered under Exchange Act Section 12. Respondent did not respond to the motion. On January 22, 2026, the Commission ordered Respondent to show cause by February 5, 2026, why it should not be deemed to be in default. The show cause order also instructed Respondent to submit by the same date a proposed response to the Division’s motion for summary disposition, if the Commission did not deem Respondent to be in default. Respondent subsequently retained counsel who filed a notice of appearance on February 4, 2026. The following day, Respondent filed an unopposed motion for a 14-day extension of time to respond to the Commission’s January 22, 2026, show cause order. Under the circumstances, it appears appropriate to grant Respondent’s motion. Accordingly, it is ORDERED that Respondent shall file its response to the pending order to show cause (including its proposed response to the Division’s motion for summary disposition) by February 19, 2026, and that the Division may file any response to Respondent’s filing by March 5, 2026. SHARING ECON. INT’L INC., Exchange Act Release No. 101334, 2024 WL 4494863 (Oct. 15, 2024). SHARING ECON. INT’L INC., Exchange Act Release No. 104669, 2026 WL 185911 (Jan. 22, 2026).

A respondent’s failure to timely file a brief in response to a dispositive motion or to comply with an order may result in, among other things, the determination of the matter at issue against the respondent and deeming the respondent to be in default. When it deems a respondent to be in default, the Commission may also deem the allegations in the OIP to be true and determine the proceeding against the respondent upon consideration of the record without holding a public hearing. The parties’ attention is directed to the e-filing requirements in the Rules of Practice. We also remind the parties of the need to keep their contact information current with the Commission, and that any document filed with the Commission must also be served upon all participants in the proceeding and be accompanied by a certificate of service. Filing a document through the Commission’s electronic filing system does not serve the opposing party. Nor does serving a document on an opposing party file it with the Commission. For the Commission, by the Office of the General Counsel, pursuant to delegated authority. Vanessa A. Countryman Secretary Rules of Practice 155(a)(2), 180(c), 17 C.F.R. §§ 201.155(a)(2), .180(c). Rules of Practice 155, 180, 17 C.F.R. §§ 201.155, .180; see also SHARING ECON., 2024 WL 4494863, at *4 (explaining that the Commission may issue a final order after determining that a party is deemed to be in default). See Rules of Practice 151, 152(a), 17 C.F.R. §§ 201.151, .152(a) (providing procedure for filing papers with the Commission and mandating electronic filing in the form and manner posted on the Commission’s website); Instructions for Electronic Filing and Service of Documents in SEC Administrative Proceedings and Technical Specifications, https://www.sec.gov/efapdocs/instructions.pdf. Parties generally also must certify that they have redacted or omitted sensitive personal information from any filing. Rule of Practice 151(e), 17 C.F.R. § 201.151(e). See Rule of Practice 102(d)(2), 17 C.F.R. § 201.102(d)(2) (governing the filing of notices of appearance). See Rule of Practice 150, 17 C.F.R. § 201.150 (generally requiring parties to serve each other with their filings); Rule of Practice 151(d), 17 C.F.R. § 201.151(d) (requiring that “a certificate stating the name of the person or persons served, the date of service, the method of service, and the mailing address or email address to which service was made, if not made in person” be included with all papers filed with the Commission); see also https://www.sec.gov/files/alj/certificate-service-example.pdf. See Bradley C. Reifler, Advisers Act Release No. 6304, 2023 WL 3274687, at *1 (May 5, 2023).

Source

Analysis generated by AI. Source diff and links are from the original.

Classification

Agency
Securities and Exchange Commission
Filed
February 11th, 2026
Compliance deadline
February 19th, 2026 (24 days ago)
Instrument
Enforcement
Legal weight
Binding
Stage
Final
Change scope
Minor

Who this affects

Applies to
Public companies
Geographic scope
National (US)

Taxonomy

Primary area
Securities
Operational domain
Legal
Topics
Enforcement Proceedings Corporate Governance

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