Securities and Exchange Commission v. Prager Metis CPAs, LLC et al

  1. September 18, 2024

    FTX Auditor Prager Metis Settles SEC Charges For Negligence

    The former auditor of Sam Bankman-Fried's defunct cryptocurrency exchange FTX agreed Tuesday to pay $1.95 million to resolve allegations by the U.S. Securities and Exchange Commission of misconduct in FTX audits and, in a separate case, violations of auditor independence rules.

  2. May 30, 2024

    Ex-FTX Auditor Must Face SEC's Independence Rules Suit

    The former auditor of Sam Bankman-Fried's defunct cryptocurrency exchange FTX must face the U.S. Securities and Exchange Commission's claims it violated auditor independence rules while collecting $3 million in fees from clients, a Florida federal judge has ruled, finding the agency's allegations establish severe recklessness.

  3. January 05, 2024

    SEC Says Ex-FTX Auditor Shouldn't Dodge Independence Suit

    The former auditor to now-defunct cryptocurrency exchange FTX shouldn't be allowed to escape a U.S. Securities and Exchange Commission enforcement action alleging it flouted the auditor independence rule in connection with over 60 audits, the regulator told a Miami federal judge.

  4. September 29, 2023

    SEC Sues FTX Auditor For Violating Independence Rules

    The U.S. Securities and Exchange Commission filed a lawsuit Friday in Florida federal court against an accounting firm that audited FTX prior to the cryptocurrency exchange's high-profile bankruptcy, accusing it of conducting several audits, examinations and reviews between 2017 and 2020 that failed to comply with auditor independence rules.