The Securities and Exchange Commission has obtained a court order freezing more than $27 million in trading proceeds from allegedly illegal distributions and sales of restricted shares of Longfin Corp. stock involving the company, its CEO, and three other affiliated individuals. A federal judge in Manhattan unsealed the SEC’s complaint on April 6. For more information, please see the SEC’s press release. Updates regarding the SEC’s action will be posted as the litigation progresses.

At 10:01 a.m. on April 6, shortly before the SEC’s complaint was unsealed, the Nasdaq Stock Market halted trading in Longfin’s stock. For more information see Nasdaq’s press release and for general questions about Nasdaq trading halts, please see frequently asked question (FAQ) number 377. Investors may also contact Nasdaq at (301) 978-8008. You can also contact your broker about your orders or trades.

Investors with questions about Longfin and anyone with information about potential securities law violations involving Longfin may contact us by emailing longfin-info@sec.gov.

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For tips on investing wisely and avoiding fraud, visit Investor.gov, the SEC's website for individual investors. You can use the free search tool to check the background of an investment professional, learn about initial coin offerings (ICOs) and digital assets, and find resources for victims of securities law violations.