Alt5 Sigma Under SEC Scrutiny for Six-Week Delay in CEO Suspension Disclosure

Alt5 Sigma, a publicly traded participant in World Liberty Financial, faces potential regulatory investigation after disclosing its CEO's suspension to the SEC on October 16, despite internal emails indicating the action occurred on September 4. The six-week reporting gap may violate federal disclosure rules requiring Form 8-K submission within four business days of executive departures, according to securities law experts. The company's special board committee is investigating matters including a subsidiary's criminal liability in Rwanda for illicit enrichment and money laundering.