---
schema_version: "secwatch.filing_event.v1"
accession: "0001199835-24-000180"
form_type: "8-K"
ticker: "LRDC"
cik: "0001442492"
company_name: "Laredo Oil, Inc."
filed_at: "2024-05-09T23:59:59+00:00"
generated_at: "2026-06-02T05:25:15.001914+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Laredo Oil's auditor BF Borgers suspended by SEC; company seeking replacement auditor

## Summary
- SEC instituted settled proceedings against BF Borgers CPA PC on May 3, 2024, leading to Borgers' suspension from practice before the SEC.
- Borgers was the independent auditor for Laredo Oil's FY 2023 financial statements (ended May 31, 2023).
- Company received SEC letter on May 9, 2024, informing of Borgers' suspension; company must now find a new qualified auditor.
- No restatement or financial impact disclosed yet, but auditor change raises questions about past financial statements.

## SEC filing metadata
- accession: 0001199835-24-000180
- form_type: 8-K
- ticker: LRDC
- cik: 0001442492
- company_name: Laredo Oil, Inc.
- filed_at: 2024-05-09T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 4.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1442492/000119983524000180/0001199835-24-000180-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1442492/000119983524000180/ldrc_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001199835-24-000180
- JSON: https://secwatch.observer/filing/0001199835-24-000180.json
- Plain text: https://secwatch.observer/filing/0001199835-24-000180.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.