Citron Research "$FRHC It is imperative for the company to promptly disclose any ongoing investigations by US government agencies. Citron finds it hard to believe that the SEC, Treasury, or DOJ have not initiated an investigation into the company..."
Portfolio Pulse from Happy Mohamed
Citron Research has expressed suspicion that Freedom Holding Corp. (FRHC) may be under investigation by US government agencies such as the SEC, Treasury, or DOJ. Citron believes that FRHC might be withholding crucial information from its shareholders.
June 30, 2023 | 2:33 pm
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NEGATIVE IMPACT
Citron Research's suspicion of a possible investigation into Freedom Holding Corp. (FRHC) by US government agencies could negatively impact the company's stock price in the short term.
The suspicion of a possible investigation into a company by government agencies can lead to uncertainty among investors. This uncertainty can negatively impact the stock price as investors may sell their shares due to the potential risk of regulatory penalties or reputational damage to the company.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 100