FTX Audit Firm Prager Metis Settles with SEC Over Its Conduct in FTX Case
Article is form Jinse
September 17, 2024
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SEC Settles with Accounting Firm Prager Metis for $1.95 Million
The U.S. Securities and Exchange Commission (SEC) has reached a settlement with accounting 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. These reports "falsely stated" FTX's financial condition and failed to meet generally accepted auditing standards.
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