🚨 Prager Metis, the bankrupt audit firm of crypto exchange FTX, was accused of violating auditor independence rules by the US Securities and Exchange Commission (SEC) in a court filing on Friday.
🔍 The SEC alleges that Prager Metis helped 62 of its clients — including those registered with the regulator — break federal securities laws. The SEC is seeking a restraining order against the auditor and the return of profits made from illegal activities.
📌 Prager Metis oversaw FTX's international arm and generated $1 billion in revenue in 2021. But the SEC's complaint focuses not on the auditor's ties to FTX but on his firm's dealings with clients.
📣 How do you think this will affect the crypto market? We are waiting your comments! 👇
🔍 The SEC alleges that Prager Metis helped 62 of its clients — including those registered with the regulator — break federal securities laws. The SEC is seeking a restraining order against the auditor and the return of profits made from illegal activities.
📌 Prager Metis oversaw FTX's international arm and generated $1 billion in revenue in 2021. But the SEC's complaint focuses not on the auditor's ties to FTX but on his firm's dealings with clients.
📣 How do you think this will affect the crypto market? We are waiting your comments! 👇