FTX’s Accounting Agency Prager Metis to Pay SEC $1.95M to Settle Negligence Allegations

“As a result of Prager’s audits of FTX have been carried out with out due care, for instance, FTX buyers lacked essential protections when making their funding selections. Finally, they have been defrauded out of billions of {dollars} by FTX and bore the results when FTX collapsed,” mentioned Gurbir S. Grewal, Director of the SEC’s Division of Enforcement, in a press assertion.