Nasdaq Blocks Eric Trump From Alt5 Sigma Board Over Compliance
- Nasdaq intervention blocked Eric Trump from Alt5 Sigma’s board, limiting him to observer.
- World Liberty Financial ties raise scrutiny as Trump-affiliated LLC holds major WLFI stake.
- Alt5 Sigma faces mounting legal troubles with fraud rulings and CFO-linked bankruptcy case.
Eric Trump’s expected seat on the board of crypto platform Alt5 Sigma has been cut back after Nasdaq flagged compliance concerns. A late August SEC filing shows Trump was reclassified as a board observer, with World Liberty Financial co-founder Zak Folkman listed as the proposed replacement.
Alt5 Sigma is tied to World Liberty Financial (WLFI), a Trump-linked DeFi project that unveiled a $1.5 billion fundraising plan earlier this year.
Nasdaq’s Role Leaves Questions
Alt5 Sigma said the change followed discussions with Nasdaq to stay within listing standards, but the filing gave no specifics on which rules applied. Leg…
The post Nasdaq Blocks Eric Trump From Alt5 Sigma Board Over Compliance appeared first on Coin Edition.
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Nasdaq Blocks Eric Trump From Alt5 Sigma Board Over Compliance
- Nasdaq intervention blocked Eric Trump from Alt5 Sigma’s board, limiting him to observer.
- World Liberty Financial ties raise scrutiny as Trump-affiliated LLC holds major WLFI stake.
- Alt5 Sigma faces mounting legal troubles with fraud rulings and CFO-linked bankruptcy case.
Eric Trump’s expected seat on the board of crypto platform Alt5 Sigma has been cut back after Nasdaq flagged compliance concerns. A late August SEC filing shows Trump was reclassified as a board observer, with World Liberty Financial co-founder Zak Folkman listed as the proposed replacement.
Alt5 Sigma is tied to World Liberty Financial (WLFI), a Trump-linked DeFi project that unveiled a $1.5 billion fundraising plan earlier this year.
Nasdaq’s Role Leaves Questions
Alt5 Sigma said the change followed discussions with Nasdaq to stay within listing standards, but the filing gave no specifics on which rules applied. Leg…
The post Nasdaq Blocks Eric Trump From Alt5 Sigma Board Over Compliance appeared first on Coin Edition.
Read More
Winklevoss’ Gemini IPO Raises $425M, GEMI Debuts on Nasdaq With $3.3B Valuation