SEC charges Trump Media auditor with 'massive fraud' on hundreds of companies, imposes lifetime ban
Publishing timestamp: 2024-05-03 11:40:36
Summary
The auditing firm for Trump Media and its owner were charged with "massive fraud" by the Securities and Exchange Commission for work that affected over 1500 SEC filings. The share price of Trump Media, which owns the Truth Social app, was down 9% after the news. The auditing firm and its owner have agreed to be permanently suspended from practicing as accountants before the SEC and to pay a combined $14 million in civil penalties.
Sentiment: NEGATIVE
Tickers: DJT,
Keywords: business news, breaking news: markets, politics, markets, breaking news: politics, business, donald trump, social media, trump media & technology group corp, laws,