Nasdaq halts Longfin trading; Update: SEC freezes funds

|By:, SA News Editor

Nasdaq halted trading in Longfin (NASDAQ:LFIN) +47.3% at 10:01 ET for "additional information requested" from the company at a last sale price of $28.189.

Trading will remain halted until the company has fully satisfied Nasdaq’s request for additional information.

Press Release

Update at 11:20 ET: The SEC has obtained an emergency freeze of $27M in proceeds from stock sales of what the agency calls a "purported cryptocurrency company."

Subscribe for full text news in your inbox