Trump-Linked Crypto Firm Alt5 Sigma Under SEC Scrutiny for Disclosure Failures
Alt5 Sigma, the cryptocurrency firm partnered with former President Donald Trump, faces an SEC investigation over alleged disclosure violations and accounting irregularities. The probe follows the company's failure to file third-quarter results and its abrupt resignation of independent auditor William Hudgens.
Regulatory filings reveal Alt5 Sigma missed multiple SEC deadlines, including the required four-day window to disclose auditor resignations. The company cited accountant delays for its unreported Q3 performance, while Hudgens claims he warned the firm months in advance about his planned departure.
Leadership turmoil and compliance failures have triggered a sharp decline in the company's stock. The SEC appears focused on whether Alt5 Sigma properly managed its transition between auditors and fulfilled its disclosure obligations to investors.
