Sentences with phrase «restrict illegal sales»
Not exact matches
Not long after the news of a T - 12 halt, the SEC said it has obtained a court order giving them access to freeze more than $ 27 million in trading proceeds from allegedly illegal distributions and sales of restricted shares of Longfin stock involving its CEO and three other individuals.
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According to the SEC's official statement, the company's CEO and three other affiliates are under investigation for the illegal distribution and sale of restricted Longfin Corp. shares.Founded in December of 2017, the company went public with an IPO on the Nasdaq stock exchange on the 13th of the same month.