SEC Takes Legal Action Against Prager Metis for Auditor Independence Violations
The United States Securities and Exchange Commission (SEC) has taken legal action against Prager Metis, the auditor of the now-bankrupt cryptocurrency exchange FTX. The SEC has accused Prager Metis of failing to maintain the required independence while providing auditing services to its clients, breaching federal securities laws. This includes adding indemnification provisions to engagement letters […]