Home » General World News » The Nasdaq halts trading in ‘blockchain’ company Longfin after the SEC accused executives of selling $27 million in restricted shares (LFIN)

The Nasdaq halts trading in ‘blockchain’ company Longfin after the SEC accused executives of selling $27 million in restricted shares (LFIN)





Longfin CEO

  • Longfin, a 1-year-old fintech company, is under fire following SEC allegations that its CEO and his associates sold $27 million in restricted company stock.
  • On Friday, the SEC obtained a court order to freeze the $27 million in question.
  • NASDAQ halted trading for Longfin, which went public in December, following the court order.
  • Longfin first made waves in December when its “pivot to blockchain” sent share prices up more than 2,400%.

It’s been a tough week for Longfin, the one-year-old company that raised eyebrows in December 2017 when its so-called pivot to blockchain sent shares soaring on the day of its initial read more >>>

Source:: BusinessInsider.Com

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