Tuesday, April 10, 2018

Longfin Accountants Resign

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.
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