Freedom Holding, the Nasdaq-listed Kazakh financial firm that’s been targeted by short sellers, is now being investigated by federal prosecutors and Securities and Exchange Commission counsel over compliance issues, insider stock moves, and an offshore affiliate tied to sanctioned individuals, reported CNBC’s Rohan Goswami. The SEC’s Boston regional office has been probing Freedom for months, while the U.S. Attorney’s Office for Massachusetts is also making preliminary inquiries into Freedom, according to the report, which cites documents seen by CNBC as well as people familiar with the matter.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on FRHC:
- Largest borrow rate increases among liquid names
- Freedom Holding Corp options imply 5.2% move in share price post-earnings
- Freedom Holding (NASDAQ:FRHC) Tanks After Hindenburg Short Report
- Freedom Holding sinks after Hindenburg lists ‘red flags’ in short report
- Freedom Holding sinks 13% to $65.51 after Hindenburg short report
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue