Regulators said B.F. Borgers’ “deliberate and systemic failure” led to errors in more than 1,500 of its filings.
Updated: 1 minute agoPedestrians walk past the Nasdaq building with the stock price of Trump Media & Technology Group Corp. displayed on screens.
The SEC said its review of the firm’s audits found “deliberate and systemic failures” in more than 1,500 filings from January 2021 through June 2023. That period was before Trump Media & Technology Group went public, suggesting that its filings were not among those investigated as part of the review.Trump Media spokeswoman Shannon Devine said in a statement that the company “looks forward to working with new auditing partners in accordance with today’s SEC order.
SEC enforcement division director Gurbir Grewal said in a statement that Borgers was “responsible for one of the largest wholesale failures by gatekeepers in our financial markets.”
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