FTX Audit Firm Prager Metis Settles with SEC Over Its Role in FTX Case
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September 17, 2024
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On September 18, The Block reported that the U.S. Securities and Exchange Commission (SEC) had reached a settlement with auditing firm Prager Metis. The firm agreed to pay $1.95 million to resolve two charges.
The SEC alleged that Prager Metis submitted two questionable audit reports between February 2021 and April 2022 that "misrepresented" FTX's financial condition and failed to meet generally accepted auditing standards.
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