The U.S. Securities and Exchange Commission (SEC) has permanently shut down Borgers, the auditor of Donald Trump's social media company, Trump Media, on grounds of 'massive fraud'. This action has caused significant disruption as hundreds of public companies, including Trump Media itself, are now urgently seeking new accounting services. The SEC's decision highlights severe deficiencies in Borgers' practices, describing it as a 'sham audit mill' that failed to meet professional standards.