WLFI Reserve Company ALT5 Sigma will be investigated for violating SEC regulations

According to market news, WLFI Reserve Company ALT5 Sigma, a partner of the Trump family's cryptocurrency project "World Liberty Financial," stated in documents submitted to the U.S. Securities and Exchange Commission (SEC) that its CEO was officially suspended on October 16. However, internal emails revealed that the company's board had actually placed him on "temporary leave" as early as September 4. Several securities regulatory experts indicated that this significant discrepancy in timing may have violated disclosure rules.

The same email also disclosed that Chief Revenue Officer Vay Tham was simultaneously placed on leave due to the board's special committee investigating "certain matters related to the company." According to SEC regulations, publicly traded companies must disclose significant changes in the actual cessation of executive duties within four trading days (Form 8-K). If a company intentionally submits false or misleading information, it may constitute a violation of anti-fraud regulations. In August of this year, ALT5 Sigma accumulated $1.5 billion in WLFI tokens through a circular transaction, with estimates suggesting that over $500 million ultimately flowed to entities associated with President Trump.