Tagged: longfin

SEC Penalizes Audit Firm Related to Longfin Reg A+ Offering

Longfin, a Reg A+ issuer that saw its shares trade on the Nasdaq only to later implode, has generated some more collateral damage as an audit firm providing services to the firm has been penalized by the Securities and Exchange Commission (SEC). Back in 2020,… Read More

Longfin CEO Venkata S. Meenavalli Settles with the SEC Regarding Reg A+ Fraud Enforcement Action

The Securities and Exchange Commission has announced that Longfin Corp. CEO Venkata S. Meenavalli has agreed to pay $400,000 in disgorgement and penalties to resolve the SEC’s fraud action against him. Longfin was a blockchain-focused company that completed a Reg A+ securities offering and quickly… Read More

SEC Receives $6.8 Fraud Judgement Against Reg A+ Issuer Longfin and Former CEO Venkata S. Meenavalli

On September 26, 2019, Judge Denise L. Cote of the U.S. District Court for the Southern District of New York entered a default judgment against Longfin and former CEO Venkata S. Meenavalli ordering a total of $3,532,235 in disgorgement of all proceeds raised in Longfin’s… Read More

SEC Hits Blockchain Company Longfin with Additional Fraud Charges Related to Reg A+ Offering, Longfin CEO Hit with Criminal Charges

The Securities and Exchange Commission (SEC) has added new fraud charges against Longfin Corp. and its CEO for falsifying the company’s revenue. Longfin’s former consultant Andy Altahawi was also included in the action for “fraudulently securing the company’s listing on Nasdaq.” In April of 2018,… Read More

Longfin Receives Reprieve from SEC Temporary Asset Freeze

Longfin Corp. (NASDAQ:LFIN), is reporting that Judge Denise L. Cote has vacated the Temporary Restraining Order (TRO) that froze the assets of the company. The Securities and Exchange Commission (SEC) obtained a court order freezing more than $27 million in trading proceeds from allegedly illegal… Read More

Longfin Says it Will Fully Cooperate with SEC as Feds Freeze $27 Million in Assets, Trading in Shares are Halted

Longfin Corp. (NASDAQ:LFIN) was hit with a formal request by NASDAQ to provide additional information regarding recent trading activity. The shares were placed on a T12 trading halt on Friday as the Securities and Exchange Commission (SEC) filed a formal complaint against Longfin that included… Read More

Longfin IPOs at $5/Share on NASDAQ Under Reg A+, Buys Blockchain Company Ziddu & Stock Soars to Over $140

This is an example of how crazy the Crypto/Blockchain sector is right now. Longfin (NASDAQ:LFIN) listed its shares on NASDAQ on December 13th at $5 a share. The company used the Reg A+ crowdfunding exemption to raise the money apparently selling 2.3 million shares out… Read More

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