SEC Fines Tether's Former Auditor $1M For Sloppy Accounting

The U.S. Securities and Exchange Commission (SEC) announced a $1 million fine against Tether’s (CRYPTO: USDT) former auditing firm Friedman LLP over violations of the federal securities laws. Per the SEC, the auditing firm was involved in several instances of “improper professional conduct” audits of two companies from 2015 to 2020.