other material
confidence high
sentiment negative
materiality 0.70
Trump Media dismisses auditor BF Borgers after SEC bar; hires Semple Marchal & Cooper
Trump Media & Technology Group Corp.
- Effective May 3, 2024, Trump Media terminated BF Borgers as its independent registered public accounting firm.
- On May 4, 2024, the company engaged Semple, Marchal & Cooper, LLP as replacement, approved by audit committee.
- BF Borgers is currently not permitted to appear or practice before the SEC per SEC order dated May 3, 2024.
- No disagreements with BF Borgers during fiscal years 2022 and 2023; audit reports were unqualified.
- Change comes after SEC instituted public administrative and cease-and-desist proceedings against BF Borgers.