Freedom Holding Corp. (NASDAQ: FRHC)

This investigation is for anyone who acquired securities in Freedom Holding Corp. (NASDAQ: FRHC) prior to August 15, 2023.

The Law Offices of Howard G. Smith believes that the Company and certain of its executives violated federal law. Specifically, the Law Offices of Howard G. Smith believes that the Company misled investors regarding its financial condition. More specifically, the Law Offices of Howard G. Smith believes that the Company misled investors by, amonf other things, telling investors that the Company complied with all applicable laws but then by evading U.S. law restricting the Company from doing business in Russia.

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, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Freedom Holding Corp. (NASDAQ: FRHC) prior to August 15, 2023 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.