XChange TEC.INC XHG (last ticker on record)
CIK 1769256Its SEC filings (opens in a new tab)
- 95% wipeout
These figures describe clients, not conduct. A lawyer or firm can serve many companies that later had trouble for reasons that have nothing to do with their work, and nothing here says any lawyer or firm did anything wrong.
- Red flags
- 1
- Newest began Nov 2023
- Largest fall in its shares
- 97%
- Dec 2024 to Feb 2026
- Law firms
- 8
- Linked to 5 or more companies
- Lawyers
- 6
- Linked to 5 or more companies
What happened
- Shares down 95% from their high
- Shares down 95% from their high
An SEC release can name a company’s officer, or its stock as what a scheme sold or moved, so the company may be the victim. Each link goes to what to read.
Law firms
The ratios are about all the companies linked to each one, this one included: how many had that outcome, as a multiple of what comparable companies show. 1.00 means no more than expected.
- Robinson & Cole LLPFirst linked Sep 2025 · Named in SEC correspondence · 133 linked companiesSEC/DOJ scrutiny 0.95× · Went dark 0.56× · 95% wipeout 0.88×
- ArentFox Schiff LLPFirst linked Sep 2025 · Named in SEC correspondence · 62 linked companiesSEC/DOJ scrutiny 0.72× · Went dark 0.00× · 95% wipeout 1.13×
- Cleary Gottlieb Steen & HamiltonFirst linked Jun 2019 · Named in SEC correspondence · 741 linked companiesSEC/DOJ scrutiny 1.31× · Went dark 0.12× · 95% wipeout 0.76×
- Conyers Dill & PearmanFirst linked Jun 2019 · Named in a filing · 531 linked companiesSEC/DOJ scrutiny 0.89× · Went dark 0.35× · 95% wipeout 1.16×
- JunHe LLPFirst linked Jun 2019 · Named in SEC correspondence · 49 linked companiesSEC/DOJ scrutiny 0.00× · Went dark 0.00× · 95% wipeout 1.49×
- Simpson Thacher & BartlettFirst linked Jun 2019 · Named in SEC correspondence · 1,396 linked companiesSEC/DOJ scrutiny 1.28× · Went dark 0.11× · 95% wipeout 0.92×
- Emmet Marvin & MartinFirst linked Nov 2019 · Text search only · 199 linked companiesSEC/DOJ scrutiny 0.81× · Went dark 0.16× · 95% wipeout 0.85×
- Zhong Lun Law FirmFirst linked Jun 2019 · Text search only · 90 linked companiesSEC/DOJ scrutiny 0.53× · Went dark 0.00× · 95% wipeout 0.90×
| Name | First linked | How it is known | Linked companies | SEC/DOJ scrutiny | Went dark | 95% wipeout |
|---|---|---|---|---|---|---|
| Robinson & Cole LLP | Sep 2025 | Named in SEC correspondence | 133 | 0.95 | 0.56 | 0.88 |
| ArentFox Schiff LLP | Sep 2025 | Named in SEC correspondence | 62 | 0.72 | 0.00 | 1.13 |
| Cleary Gottlieb Steen & Hamilton | Jun 2019 | Named in SEC correspondence | 741 | 1.31 | 0.12 | 0.76 |
| Conyers Dill & Pearman | Jun 2019 | Named in a filing | 531 | 0.89 | 0.35 | 1.16 |
| JunHe LLP | Jun 2019 | Named in SEC correspondence | 49 | 0.00 | 0.00 | 1.49 |
| Simpson Thacher & Bartlett | Jun 2019 | Named in SEC correspondence | 1,396 | 1.28 | 0.11 | 0.92 |
| Emmet Marvin & Martin | Nov 2019 | Text search only | 199 | 0.81 | 0.16 | 0.85 |
| Zhong Lun Law Firm | Jun 2019 | Text search only | 90 | 0.53 | 0.00 | 0.90 |
Lawyers
The ratios are about all the companies linked to each one, this one included: how many had that outcome, as a multiple of what comparable companies show. 1.00 means no more than expected.
- Jeffrey J. KennedyArentFox Schiff LLPFirst linked Mar 2026 · Named in SEC correspondence · 5 linked companiesSEC/DOJ scrutiny 0.00× · Went dark — · 95% wipeout 0.00×
- Anna Jinhua WangRobinson & Cole LLPFirst linked Sep 2025 · Named in SEC correspondence · 21 linked companiesSEC/DOJ scrutiny 0.00× · Went dark 0.00× · 95% wipeout 0.47×
- Marc E. RiveraArentFox Schiff LLPFirst linked Sep 2025 · Named in SEC correspondence · 18 linked companiesSEC/DOJ scrutiny 0.00× · Went dark 0.00× · 95% wipeout 0.46×
- Ralph V. De MartinoArentFox Schiff LLPFirst linked Sep 2025 · Named in a filing · 78 linked companiesSEC/DOJ scrutiny 0.51× · Went dark 1.20× · 95% wipeout 1.38×
- Chris LinSimpson Thacher & BartlettFirst linked Oct 2019 · Named in SEC correspondence · 39 linked companiesSEC/DOJ scrutiny 1.28× · Went dark 1.55× · 95% wipeout 1.65×
- Daniel FertigSimpson Thacher & BartlettFirst linked Jun 2019 · Named in SEC correspondence · 39 linked companiesSEC/DOJ scrutiny 1.24× · Went dark 0.00× · 95% wipeout 1.28×
| Name | First linked | How it is known | Linked companies | SEC/DOJ scrutiny | Went dark | 95% wipeout |
|---|---|---|---|---|---|---|
| Jeffrey J. KennedyArentFox Schiff LLP | Mar 2026 | Named in SEC correspondence | 5 | 0.00 | — | 0.00 |
| Anna Jinhua WangRobinson & Cole LLP | Sep 2025 | Named in SEC correspondence | 21 | 0.00 | 0.00 | 0.47 |
| Marc E. RiveraArentFox Schiff LLP | Sep 2025 | Named in SEC correspondence | 18 | 0.00 | 0.00 | 0.46 |
| Ralph V. De MartinoArentFox Schiff LLP | Sep 2025 | Named in a filing | 78 | 0.51 | 1.20 | 1.38 |
| Chris LinSimpson Thacher & Bartlett | Oct 2019 | Named in SEC correspondence | 39 | 1.28 | 1.55 | 1.65 |
| Daniel FertigSimpson Thacher & Bartlett | Jun 2019 | Named in SEC correspondence | 39 | 1.24 | 0.00 | 1.28 |