Law Offices of Howard G. Smith announces an investigation on behalf of Freedom Holding Corp. (“Freedom” or the “Company”) (NASDAQ: FRHC) investors concerning the Company’s possible violations of federal securities laws.
On August 15, 2023, Hindenburg Research published a report alleging, among other things, that Freedom “brazenly skirts sanctions”, shows signs of fake revenue, “commingles customer funds then gambles assets in highly levered, illiquid, risky market bets”, and displays signs of market manipulation in its investments and publicly traded shares. Further, the report alleged that Freedom still does business in the Russian market despite “fire-[selling]” its Russian business following the Ukraine invasion, and that “the company has openly flouted sanctions along with anti-money laundering (AML) and know-your-customer (KYC) rules.”
On this news, Freedom’s stock price fell $2.44, or 3.2%, to close at $73.27 per share on August 15, 2023, thereby injuring investors.
If you purchased Freedom securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230817639110/en/
Contacts
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com
