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- Shares of Longfin (LFIN) dropped 17% Monday to $14.31.
- LFIN was removed last week from Russell indexes, including the Russell 2000.
- Several law firms have opened investigations into Longfin for violating federal securities laws.
It’ll take many more sell-offs and the collapse of many more iffy stocks before this hyper-enthusiasm, after nine years of central bank nurturing, is finally wrung out of the market.