Former FTX Auditor Prager Metis Sued by U.S. SEC for Hundreds of Alleged Violations

“Auditor independence is critical to both protecting the integrity of financial reporting and promoting public trust. As alleged in our complaint, over a period of nearly three years, Prager’s audits, reviews, and exams fell short of these fundamental principles. Our complaint is an important reminder that auditor independence is crucial to investor protection,” Eric I. Bustillo, director of the SEC’s Miami regional office said in a press statement.