Levi & Korsinsky notifies investors that it has commenced an investigation into ARMOUR Residential REIT, Inc. (NYSE: ARR) concerning potential violations of the federal securities laws.
ARMOUR disclosed that it had commenced an internal investigation to review internal issues related to “the appropriateness of reporting Distributable Earnings and Net Interest Margin” in earnings releases and “the methods of calculating such measures”, “the Company’s considerations with respect to reviewing and evaluating its external manager”, and “certain of the internal controls over financial reporting and disclosure controls and procedures of the Company.” Then, ARMOUR announced that its Chief Financial Officer had been “removed,” on March 13, 2024. Following this news, ARMOUR’s stock price dropped over 3% on March 14, 2024.
If you suffered a loss on your ARMOUR Residential REIT, Inc. securities and would like to explore a potential recovery under the federal securities laws, submit to us or contact Joseph E. Levi, Esq. via email at [email protected] or call 212-363-7500 to speak to our team of experienced shareholder advocates.
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