Tags: sec | longfin | trading | stock slaes

SEC: US Targets Longfin, CEO Over Alleged Trading Scheme

SEC: US Targets Longfin, CEO Over Alleged Trading Scheme
(gyddik/assetsdelivery.com)

Friday, 06 April 2018 11:44 AM

The U.S. Securities and Exchange Commission on Friday said it had targeted allegedly illegal stock sales involving Longfin Corp stock as well as the finance and technology company's chief executive and three other people.

The regulator, in a statement, said it had obtained a court order to freeze more than $27 million in trading proceeds from "allegedly illegal distributions and sales of restricted shares of Longfin," which saw its shares halted earlier on Friday.

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The U.S. Securities and Exchange Commission on Friday said it had targeted allegedly illegal stock sales involving Longfin Corp. stock as well as the finance and technology company's chief executive and three other people.
sec, longfin, trading, stock slaes
74
2018-44-06
Friday, 06 April 2018 11:44 AM
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