CNBC reported the start of an investigation by US authorities into Freedom Holding. According to the television channel, the Ministry of Justice and the SEC are investigating whether the company complies with stock market and insider trading laws. Freedom Holding said it had “no information” about the investigation.
Freedom Holding, founded by Timur Turlov, was investigated by the Department of Justice and the United States Securities and Exchange Commission (SEC). CNBC reported this.
According to the TV channel, US authorities have questions for Freedom Holding regarding insider trading and compliance with stock market laws. The departments are also studying the details of the company’s offshore operations and internal control system.
Freedom Holding explained that they have no information about the investigation by the United States Department of Justice.
“We actively interact with the SEC on all matters arising from government agencies and are always as open as possible,” the company said.
The U.S. Department of Justice and the SEC declined to comment on the investigation.
In February, Freedom Holding completed the sale of its Russian business. The companies that were transferred to the new owner were renamed “Digital”.
Author:
Kirill Bilyk
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
