Citron Research "Freedom Holdings' Potential Acquisition Of Brokerage Firm In Maxim Is Perplexing, Considering Their Failure To File A 10K, Repeated Missed Extension Deadlines, The Departure Of Their Auditor, And Sanctions And Suspensions By PCAOB.." - Tweet

https://twitter.com/CitronResearch/status/1674785167024730113

 

Citron acknowledges the importance of exercising caution in our publications, but there are instances in this market that are undeniably abusive, demanding our attention. While the Department of Justice (DOJ) and Securities and Exchange Commission (SEC) are diligently investigating employees of US banks such as First Republic and Silicon Valley Bank for potential stock trading misconduct, it is disconcerting that the SEC and NASDAQ continue to permit Freedom Holdings ($FRHC) to trade freely. Moreover, the potential for CEO's undisclosed sale of stock for personal gain needs to be investigated Freedom Holdings' potential acquisition of a US brokerage firm in Maxim is perplexing, considering their failure to file a 10k, repeated missed extension deadlines, the departure of their auditor, and sanctions and suspensions by the PCAOB for negligent oversight. It begs the question of why our exchanges allow companies with such questionable practices to trade. This is a farce. Where are the Office of Foreign Assets Control (OFAC), SEC, and DOJ in addressing these issues? It appears perplexing that short sellers in the US are under investigation while companies like Freedom Holdings escape scrutiny. We need accountability and regulatory intervention to maintain the integrity of our financial markets