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Stock impact report

Trump-Linked Crypto Firm Alt5 Sigma Shakes Up Leadership Amid SEC Filing Questions [Forbes]

ALT5 Sigma Corporation (ALTS) 
Company Research Source: Forbes
accepting the resignation of a director in a filing submitted on the cusp of the Thanksgiving holiday — the same executives involved in a confusing timeline regarding the suspension of the company's previous boss. On Oct. 22, Alt5 Sigma informed the Securities and Exchange Commission in a filing signed by acting CEO Jonathan Hugh it had suspended CEO Peter Tassiopoulos effective Oct. 16—but an internal email reviewed by Forbes shows the board placed Tassiopoulos on “temporary leave” by Sept. 4, six weeks earlier. Under SEC rules , public companies must report within four business days when their executive officer effectively stops serving in that role, and experts told Forbes that materially false or misleading filings can violate anti-fraud laws, although establishing such a violation can be difficult. That Sept. 4 message, sent by Alt5 Sigma's chief operations officer and director Ron Pitters and signed by director David Danziger, announced that Hugh — who had been named Alt5 Show less Read more
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