SQ Stock Alert: Federal Prosecutors Are Probing Financial Transactions at Block
SQBLOCK(SQ) InvestorPlace·2024-05-02 02:52

Block (NYSE:SQ) stock is down more than 8% in the afternoon session on news that federal prosecutors are probing financial transactions at the fintech company. Specifically, early reports indicate that prosecutors are considering certain crypto transactions that may have ties to terrorist groups. The probe will also indicate whether any transactions were processed in violation of economic sanctions put in place. Various compliance lapses noted by a former employee could have led to such transactions taking ...