An investigation for investors in Citizens, Inc. (NYSE:CIA) shares over potential securities laws violations by Citizens, Inc. was announced and NYSE:CIA stockholders should contact the Shareholders Foundation.

San Diego, CA -- (SBWire) -- 03/15/2017 --An investigation was announced for investors of Citizens, Inc. (NYSE:CIA) shares over potential securities laws violations by Citizens, Inc. in connection certain financial statements.

Investors who purchased shares of Citizens, Inc. (NYSE:CIA), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.

The investigation by a law firm focuses on whether a series of statements by Citizens, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Shares of Citizens, Inc. (NYSE:CIA) grew from $6.40 per share in February 2016 to as high as $10.77 per share in December 2016.

On March 8, 2017, an article was published stating that "Citizens sells insurance policies through a network of brokers who prey on foreign families and retirees with promises of 'guaranteed returns' backed by U.S. Treasuries that will secure retirements." But, the article charged, a portion of premiums paid by policyholders is sent to Citizens's transfer agent to make open market purchases of Citizens stock – thus artificially propping up Citizens's stock price. Shares of Citizens, Inc. (NYSE:CIA) declined from $10.17 in February 2017 to as low as $7.12 per share on March 8, 2017.

Those who purchased shares of Citizens, Inc. have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com