FTX’s accounting firm Prager Metis to pay SEC $1.95 million to settle allegations of negligence

“Because Prager’s audits of FTX were conducted without due diligence, for example, FTX investors lacked crucial protections when making investment decisions. Ultimately, they were cheated out 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.