User:EyeTruth/sandbox/WorkLongfin

Longfin nasdaq: LFIN was a publicly traded American company involved in financial technology with focus on blockchain technology. It was incorporated on 1 February 2017 in Delaware, United States |x. It filed for a Regulation A+ initial public offering, which was accepted by the SEC on 16 June 2017.

the same month made headlines when its stock price increased more than 200%. The stock price then fell by over 90%. The following month, the Securities and Exchange Commission started an investigation into the company.

On March 26, 2018, shares of Longfin dropped after short seller Citron calls it a 'pure stock scheme'. "If you are fortunate enough to get a borrow, indeed $LFIN is a pure stock scheme," Andrew Left's Citron Research said in a Monday morning tweet. "@sec_enforcement should not be far behind. Filings and press releases are riddled with inaccuracies and fraud."

On April 6, 2018, trading of Longfin stock was halted by the SEC and $27 million in allegedly illicit trading profits were frozen as an emergency measure to prevent the money from leaving the U.S. The SEC alleges that CEO and Chairman Venkat Meenavalli issued unregistered stock to three associates who then illegally sold the stock to the public.