Tag Archives: Longfin Corp.

SEC Obtains Emergency Freeze of $27 Million in Stock Sales of Purported Cryptocurrency Company

On Friday, the SEC announced that it has obtained a court order freezing more than $27 million in trading proceeds from allegedly illegal distributions and sales of restricted shares of Longfin Corp. stock involving the company, its CEO, and three other affiliated individuals. According to a complaint unsealed on Friday in federal court in Manhattan, shortly after Longfin began trading on

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SEC Investigating Nasdaq Listed Cryptocurrency Reg A

The SEC is investigating trading activity in shares of LongFin Corp (Nasdaq: LFIN) according to a 10-K the company filed this week. LongFin’s stock had soared more than 1,000 percent in two days after the company announced in mid-December it was buying a microlending company using the same blockchain technology as bitcoin. The blockchain connection and related price spike made

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