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Cryptopolitan 2020-01-06 12:31:38

US SEC and Longfin settle dispute with $400,000 settlement

According to an official statement released by the United States Securities and Exchange Commission (US SEC), CEO of the fintech company Longfin, Venkata Meenavalli, has put an end to the long-standing legal scuffle by agreeing to pay settlement charges of four hundred thousand US dollars ($400,000). All hell broke loose when Longfin stock prices skyrocketed, back in 2017, and peaked over one thousand percent (1000%), prompting investors and the US SEC to dig deeper into Meenavalli’s investments and company operations. As soon as the official investigation kick-started, the company shares plunged by thirty percent (30%). Longfin’s long-standing legal battle with

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