FTX’s Accounting Firm Prager Metis Pays SEC $1.95 Million to Settle Negligence Allegations

“For example, because Prager’s audit of FTX was conducted without due diligence, FTX investors lacked important protections when making investment decisions. Ultimately, they were defrauded of billions of dollars by FTX and suffered the consequences when FTX collapsed,” Gurbir S. Grewal, director of the SEC’s Division of Enforcement, said in a press release.