Levi & Korsinsky notifies investors that it has commenced an investigation into Freedom Holding Corp. (NASDAQ: FRHC) concerning potential violations of the federal securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Freedom Holding is the subject of a report issued by Hindenburg Research on August 15, 2023. The report highlights "red flags" at the Company "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." Based on this news, shares of Freedom Holding fell by more than 5.5% in intraday trading on the same day.
If you suffered a loss on your Freedom Holding 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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