Nasdaq Removes Eric Trump from ALT5 Sigma Board: What Does it Mean?

Eric Trump’s removal from the ALT5 Sigma board has sparked discussion about corporate governance and legal battles facing the company. Following weeks of consultation with Nasdaq regulators, Trump is now an observer on the board, having been downgraded after a recent shift in his role following initial plans for him to join as director. This decision was reportedly influenced by Nasdaq’s scrutiny over compliance and their concern about potential influence from figures known within financial markets. The exact reasons for this move are being investigated. Read more.