ALT5 Sigma, a Nasdaq-listed company, is under investigation by the SEC for potential violations of disclosure rules. The allegations involve the company's failure to accurately report executive changes and the replacement of its accounting firm. These issues are linked to the Trump family's World Liberty Financial DeFi project, increasing regulatory scrutiny. The SEC views these discrepancies as significant, requiring full transparency to protect investors. If confirmed, ALT5 Sigma could face financial penalties and reputational damage, underscoring the regulatory challenges faced by crypto firms in traditional markets.