The U.S. Securities and Exchange Commission (SEC) has launched an investigation into Jon Isaac, who appears to be the president and board member of ALT5 Sigma. Isaac is alleged to have inflated the company's earnings and sold during the rise in stock prices.
ALT5 Sigma recently signed a $1.5 billion deal with World Liberty Financial, which is linked to Donald Trump. This large-scale collaboration has drawn the attention of regulatory agencies, and it is reported that the SEC has launched an investigation into suspicious transactions involving particularly senior executives and partners.
It is stated that the sales made while there are price increases in company stocks are also being evaluated within the scope of the investigation. However, so far, no official charges have been brought by the SEC.
Let's stay tuned for the latest developments
