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SEC Investigates Alt5 Sigma Over Controversial Financial Dealings
SEC Investigates Alt5 Sigma Over Controversial Financial Dealings
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BTCCSquare news:
The U.S. Securities and Exchange Commission has launched an investigation into Alt5 Sigma, focusing on allegations of financial misrepresentation and stock manipulation. The probe follows a $1.5 billion partnership between Alt5 Sigma and Trump-linked World Liberty Financial, which recently expanded its Web3 initiatives and WLFI token strategy.
Alt5 Sigma's Nasdaq bell-ringing ceremony with WLF has drawn regulatory scrutiny. The SEC is examining whether the company inflated revenue figures and engaged in stock price manipulation through questionable transactions.
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