Semple, Marchal & Cooper appointed as independent registered public accounting firm
- Trump Media & Technology Group hires new financial auditor
- Semple, Marchal & Cooper appointed as independent registered public accounting firm
- Previous accounting firm, BF Borgers, banned by regulators
- TMTG plans to seek extension for quarterly report filing with SEC
- BF Borgers fined $12 million for failure to comply with regulatory standards
Trump Media & Technology Group has appointed Semple, Marchal & Cooper as its new independent registered public accounting firm. This decision comes after the previous accounting firm, BF Borgers, was banned by regulators. TMTG plans to seek an extension for its quarterly report filing with the U.S. Securities and Exchange Commission. The SEC alleged that BF Borgers failed to comply with regulatory standards and had reused workpapers for multiple audits, resulting in a $12 million fine. Semple, Marchal & Cooper was chosen after a detailed evaluation process.
Factuality Level: 8
Factuality Justification: The article provides factual information about Trump Media & Technology Group seeking an extension for its quarterly filing with the SEC and appointing a new financial auditor after the previous one was banned. The information is presented in a straightforward manner without sensationalism or bias. There are no obvious digressions or irrelevant details that detract from the main topic.
Noise Level: 3
Noise Justification: The article provides relevant information about Trump Media & Technology Group seeking an extension for its quarterly filing with the SEC and appointing a new financial auditor after its previous firm was banned. It includes details about the reasons for the ban and the fine imposed on the previous auditor. The article stays on topic and supports its claims with examples and regulatory filings.
Financial Relevance: Yes
Financial Markets Impacted: The news article pertains to the Trump Media & Technology Group (TMTG) and its financial reporting. It mentions the appointment of a new financial auditor after the previous accounting firm was banned by regulators. It also states that TMTG plans to seek an extension for its quarterly report filing with the U.S. Securities and Exchange Commission.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article focuses on financial matters related to TMTG, such as the appointment of a new auditor and the company’s plan to seek an extension for its quarterly report filing. There is no mention of any extreme events.
Public Companies: Trump Media & Technology Group (DJT)
Key People: Ben Glickman (not specified)
Reported publicly:
www.wsj.com 
