Trump Media Earnings Delay Expected After Auditor Barred by SEC
- BF Borgers was permanently suspended by the SEC on Friday
- Results from Truth Social owner may take months: professor
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Investors waiting for an update of how Donald Trump’s media startup is faring will have to wait a bit longer — months by some accounts — before getting a look at financial results.
That’s because the US Securities and Exchange Commission moved to permanently suspend Trump Media & Technology Group Inc.’s auditor, BF Borgers CPA PC, on Friday. Regulators are barring the accounting firm from practicing and appearing as accountants before the SEC after finding consistent problems and “nonexistent” work as the firm churned out audits. An industry watchdog previously found a 100% deficiency rate in the audits they inspected.