The Nasdaq halts trading in 'blockchain' company Longfin after the SEC accused executives… [Video]

Cristian WorthingtonFeedToPost, MediaVidi Twitter

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Longfin CEO Venkata Meenavalli is accused of selling restricted company stock following its pivot to blockchain. Longfin 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...

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Longfin CEO Venkata Meenavalli is accused of selling restricted company stock following its pivot to blockchain.

Longfin

  • 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 …
  • Longfin first made waves in December when its “pivot to blockchain” sent share prices up more than 2,400%.

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