Evangelos Pistiolis-led Top Ships has been hit by two new subpoenas from US securities regulators over its dealings with financial firm Kalani Investments in a stock-sales arrangement.
New York-listed Top disclosed the fresh queries from the US Securities and Exchange Commission (SEC) in a lengthy financial filing reflecting its first-half 2018 results today.
“On September 26, 2018 and October 5, 2018 we received two additional subpoenas from the (SEC) requesting certain documents and information in connection with the previous subpoena we received on August 1, 2017,” Top said in the filing.
