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Monday, April 09, 2018 2:32:53 PM
Controversial crypto company Longfin says accounting firm has resigned amid SEC investigation
On Thursday, April 5, Longfin said it was notified that public accounting firm CohnReznick would no longer work with the company, effective immediately, according to an 8-K filing Monday with the SEC.
The accounting firm also told Longfin "that material weaknesses in internal control over financial reporting existed," the filing said.
The news comes one business day after the U.S. Securities and Exchange Commission said it has frozen $27 million in proceeds from insider stock sales.
Evelyn Cheng | @chengevelyn
Published 32 Mins Ago Updated 1 Min Ago
https://www.cnbc.com/2018/04/09/controversial-crypto-company-longfin-says-accounting-firm-has-resigned-amid-sec-investigation.html
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