US Regulator Flags Freedom Holding Over Financial Violations
The SEC has issued a warning to Freedom Holding (Nasdaq: FRHC) regarding potential financial misconduct. The company and CEO Timur Turlov are contesting the preliminary findings.
FRHC
The U.S. Securities and Exchange Commission (SEC) has flagged Freedom Holding (Nasdaq: FRHC) for suspected financial violations, according to a report. The warning was issued on March 11, with the regulator scrutinizing the company's activities dating back to 2021.
The SEC's concerns center on Freedom Holding's relationships with institutional clients and accounting practices related to internal transactions. Both the company and its CEO, Timur Turlov, are disputing the SEC's preliminary conclusion, which they describe as "preliminary."
Source: MarketTwits