ALT5 Sigma Denies SEC Probe Rumors Amid Stock Plunge
ALT5 Sigma, a Nasdaq-listed fintech firm with ties to the TRUMP family's World Liberty Financial, has vehemently denied rumors of a potential SEC investigation involving venture capitalist Jon Isaac. The company's stock fell over 10% following speculative reports.
Past SEC filings reveal Isaac held a consulting role at ALT5 for two years, but the firm clarified he never served as president or adviser. The rumors stemmed from allegations of earnings inflation and insider share sales related to a $1.5 billion treasury deal.
Market reaction was swift, with social media buzzing about potential regulatory scrutiny of ALT5's fundraising activities. The company maintains there is no active investigation and called the claims "misleading and inaccurate."
