An investigation for investors in Freedom Holding Corp. (NASDAQ:FRHC) shares over potential securities laws violations was announced.
San Diego, CA -- (SBWIRE) -- 09/01/2023 -- An investigation was announced for investors of Freedom Holding Corp. (NASDAQ: FRHC) shares over potential securities laws violations in connection with certain financial statements.
Investors who purchased shares of Freedom Holding Corp. (NASDAQ: FRHC), have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether certain statements regarding by Freedom Holding Corp's business, its prospects and its operations were materially false and misleading at the time they were made.
Kazakhstan based Freedom Holding Corp., through its subsidiaries, provides retail securities brokerage, research, investment counseling, securities trading, market making, retail banking, corporate investment banking, and underwriting services.
On August 15, 2023, a report was issued by Hindenburg Research on Freedom Holding Corp. The report highlights "red flags" at Freedom Holding Corp. "including evidence that Freedom (i) brazenly skirts sanctions (ii) shows hallmark signs of fake revenue (iii) commingles customer funds then gambles assets in highly levered, illiquid, risky market bets (iv) and displays signs of market manipulation in both its investments and its publicly traded shares."
Shares of Freedom Holding Corp. (NASDAQ: FRHC) declined from $83.81 per share on August 04, 2023, to as low as $66.50 per share on August 16, 2023.
Sincer then NASDAQ: FRHC shares rose to as high as $102.40 per share on August 29, 2023.
Those who purchased shares of Freedom Holding Corp. (NASDAQ: FRHC) have certain options and should contact the Shareholders Foundation.
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