U.S. targets Longfin, CEO over alleged trading scheme -SEC

Longfin

06/04/2018 15:47

WASHINGTON, April 6 (Reuters) - The U.S. Securities and
Exchange Commission on Friday said it had targeted allegedly
illegal stock sales involving Longfin Corp stock  LFIN.O  as
well as the finance and technology company's chief executive and
three other people. 
    The regulator, in a statement, said it had obtained a court
order to freeze more than $27 million in trading proceeds from
"allegedly illegal distributions and sales of restricted shares
of Longfin," which saw its shares halted earlier on Friday.
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 (Reporting by Susan Heavey and Michelle Price
Editing by Chizu Nomiyama)
 ((202-898-8300; Reuters Messaging:
susan.heavey.thomsonreuters.com@reuters.net))