Hindenburg Research's Short Report Sends Freedom Holding Stock Plummeting

Freedom Holding (NASDAQ:FRHC) saw a 3.4% decline in its stock price following a new short report from Hindenburg Research, which alleges that the online brokerage may be skirting regulations. Freedom Holding has responded, stating that the claims are without merit and that it continues to provide all required disclosures to regulators and investors. The company is also facing non-compliance with Nasdaq's listing rule due to its failure to timely file its quarterly report.