Also written by Wolf Richter (Feedback@Businessinsider.Com):
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LongFin is under investigation — but investors aren't giving up yet

Business Insider


  • Shares of Longfin (LFIN) dropped 17% Monday to $14.31.
  • LFIN was removed last week from Russell indexes, including the Russell 2000.
  • Several law firms have opened investigations into Longfin for violating federal securities laws.

It’ll take many more sell-offs and the collapse of many more iffy stocks before this hyper-enthusiasm, after nine years of central bank nurturing, is finally wrung out of the market.

Mentions: Investors CEO SEC