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Levi & Korsinsky announces it has commenced an investigation of Health Insurance Innovations, Inc. (“HIIQ” or “the Company”) (NASDAQ: HIIQ) concerning possible violations of federal securities laws.
On November 27, 2018, Aurelius Value published a report stating, among other things, that “previously sealed documents gathered by the FTC directly undermine management’s claims and prove that a large boiler room operation recently shuttered by the government for a massive alleged fraud was responsible for roughly half of HIIQ’s sales. Evidence also suggests that HIIQ policies have been contaminated by insurance fraud and reveal that other HIIQ brokers prey on consumers with falsehoods.”